hankchef
Short

Price levels to watch for SP

FX:SPX500   S&P 500 index of US listed shares
138 1 2
8 months ago
Watch price levels:
2049.4 may be touched @globex session.
2055.4 may be reached tomorrow morning or not at all, and probably is the high of day, and then dump all day to 2033.4 or even lower under 2020., won't be surprised for a 1.5% to 2% drop.

8 months ago
Comment: The prices levels are still valid, but the market rally today instead of a dump as many traders including me expected.

For tonight it's really hard for any big retrace to take place. Market in this position will either continuing the rally to make new highs, or dumping unexpectedly if we cannot take 2079.1 high.

2057.4 needs retest again and assure it's solid enough as a support to reach ATH - All time high.

For the trading tomorrow, both bulls and bears need to be careful, if it dumps, it dumps hard, if rallies, ATH is right in front of your eyes. Follow the price, and watch price levels.
hankchef
8 months ago
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