prcruz408

Sell side and buy side areas of interest on the S&P

FX:SPX500   S&P 500 index of US listed shares
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Areas highlighted show good supply and demand price levels where the index may react strongly. Area of demand at 2055 - very clearly out at least 2 areas of supply in one impulsive move - seems like good indicator of strong accumulation activity at that level. The area of distribution at 2090 - may still provide some good downside momentum even though price has revisited this area three separate times and reversing but has not directly traded in area. Daily price chart shows sideways trend.
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