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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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..
This analysis is part of the Weekly Markets Analysis newsletters
To read more interesting technical reviews for the week- goo.gl/NpxzOr
To subscribe to the newsletters - goo.gl/JfOLoR
Comment:
First resistance zone reached