Sforex
Long

S&P500: A bounce at 2015 low, could it be a sustainable bounce ?

SP:SPX   The S&P 500 Index
235 0 3
Last week, we see SPX             bounced back at 2015 low around 1800 level.

This is a strong support, market immediately reacted when SPX             reached this level.

The question is Could it be a sustainable bounce for just a trap ?

The uncertainty around the world cause the cautiousness for investors want to buy Stock.

This week, the main focus are FOMC Minutes, US CPI             data, Housing Starts, Building Permits and Industrial Production. Positive data could confirm for a real bounce.

I hope SPX             test the resistance 1940 this week.
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