S&P500 A Bit More Down And Then Up!

FX:SPX500   S&P 500 Index
Just an update on my Earlier post . The index did not break the resistance , so it has gone down for a couple of days . It reached today the 200 MA. It is possible that the index will go up from here for a another test of the resistance, with maybe a break out! :)

Just an idea! What’s your view?
I agree with your analysis and published a similar one myself. See below.

I am just not sure if it is supposed to go up or down.

AEB.NL lucky human foot
Thanks, have you seen my facebook page? ;) I understand your thoughts, but don't trade against the trend! Time will tell!
Hi, your page is very similar to mine. You should keep track of your trading results though ;)
lucky human foot lucky human foot
I agree you shouldnt trade against the trend. I just think it is a good idea to wait and see if there is a confirmed breakout from the resistance level.
AEB.NL lucky human foot
Thanks, thats a good idea! :) Time will tell! ;)
+1 Reply
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