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S&P500: 161.8% resistance and RSI divergence

FX:SPX500   S&P 500 index of US listed shares
358 3 11
Major resistance- 2119 (161.8% retracement of 2105.4 and 2084.30)

S&P500             has broken psychological resistance 2100 and jumped till 2113.90. It is currently trading around 2111.90.

The index major resistance is around 2119 (161.8% retracement of 2105.4 and 2084.30) and any violation above will take the index till 2132/2140 (261.8% retracement of 2105.4 and 2084.30).

On the lower-side support is at 2099 and break below targets 2093/2086/2080 in short term. The index should close below 2075 (200 4H MA) for further weakness .

RSI- Bearish divergence.

It is good to sell on rallies around 2115-2118 with SL around 2140 for the TP of 2086/2080/2076
There is also Stochastic Divergence.
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AhmetAlperOzen AhmetAlperOzen
On 4H TF
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With the wall of money in ZIRP environ this may not matter but then short term BREXIT etc shld call for a drop
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