Upside Overview:
Short-Term Swing Trader (Few days to few weeks) –
Minor resistance zone from 3254-3277
Key short-term resitance zone from 3291-3312
S-T Fib Ext. Resistance/Target Zone runs from 3333-3352
On a push above 3352 the next S-T Fib Ext Resistance Target Zone runs from 3358-3373.
Downside Overview:
Short-Term Swing Trader (Few days to few weeks) –
On 1/27/20 the SPX tested and bounced off of the lower-end of a key support zone near 3235
A break of 3249 likely opens the door to a test of the previous low near 3215.
Intermediate-term support zone from 3203-3171
Look at where the 34 day and 13 day SMA lies, that will act as support/ resistance levels too
Given the position of the RSI, I have an upward bias
Short-Term Swing Trader (Few days to few weeks) –
Minor resistance zone from 3254-3277
Key short-term resitance zone from 3291-3312
S-T Fib Ext. Resistance/Target Zone runs from 3333-3352
On a push above 3352 the next S-T Fib Ext Resistance Target Zone runs from 3358-3373.
Downside Overview:
Short-Term Swing Trader (Few days to few weeks) –
On 1/27/20 the SPX tested and bounced off of the lower-end of a key support zone near 3235
A break of 3249 likely opens the door to a test of the previous low near 3215.
Intermediate-term support zone from 3203-3171
Look at where the 34 day and 13 day SMA lies, that will act as support/ resistance levels too
Given the position of the RSI, I have an upward bias
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
If you love what you see, pls share a thumbs up and a comment in the section below
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.