Another rebound off the 200dma, sets the SPX into a range between the 100&200dma, and also between 2 trend lines. CPI data tomorrow will determine whether we break to the upside, or push lower for another retest of that key 200dma support. Also good to note that the ~60 RSI level has not been broken on any bounce off the 200dma.
Hi - What would be the key level for upside break ?
FibnFork
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@mohsin_99, A clear break of the 100DMA, 50% retrace and slope. Roughly around ~2710. Also key to break the 60 RSI level. That would give us a target of the double top made in feb/march.