fxtrader66

SPX longer time frame bull market view

FX:SPX500   S&P 500 Index
1
SPX has been ripping higher currently 4 weeks. I believe we could see a pullback to go long again. The SPX has broken its upper TL that's been acting as resistance since 2009 lows to date. Using fib extensions I believe the SPX could try to head towards the 1820/30 level by the end of the year or first of 2014???

The weekly 200 TEMA has not been visited by price in a while, a pullback to it would not surprise me.





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.