bjberrybj

SPX breakout

SP:SPX   S&P 500 Index
38 0 0
SPX             has visibly formed a triangle pattern which would break out of it quite strong with the impending FOMC announcement to come in a few days. I believe that this is going to be range bound if the meet comes out to be fairly neutral with strong resistance at the 1989 and support found at 1908 level. A strong news coupled with a breakout crushing through the support or resistance levels mentioned here will determine whether I go bullish or bearish!
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