themarketzone

Trading Range remains intact

FX:SPX500   S&P 500 Index
NFP numbers (below expectations) generated bullish reaction as investors see no chance for June's rate hike.
The bottom of the trading range and the 50 Days MA has managed to hold as support last week and it may drive $SPX             higher to re-test Fast SMA line and perhaps even the top of the trading range.
2015 all over again...? Maybe..

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Comment: First resistance zone reached
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