What Fibs and RSI are saying for SPX500

FX:SPX500   S&P 500 Index
319 0 9
We are at at a 38% retracement, there is the 23% above with a huge 2040 resistance above and there is the 50% retracement and a 1940 support below. This is the range to trade. We are looking at at the failure of 38% level for a short. If it holds trade long to 2040 but dont hold your breath to go above that.

Key things to note:

1. Overall impact from the Britain exit ( its now included in price)
2. Currency wars start ( china is first on the line) - not priced in
3. Earnings season starts July 11th, currency headwinds adjustments to guidance
4. US elections impact ( do not underestimate this part)

The eye is only an indication....its just a proposed area to watch.
Comment: Throw a like if you do like or comment if you feel different ;)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out