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