themarketzone

Coiling inside the PRZ - Fed and ECB stirring the pot

FX:SPX500   S&P 500 index of US listed shares
100 0 4
While one central bank (ECB) talks about more QE             and the other talks about potential rate hike (Fed), the price reflects the fierce battle between confused investors.

$SPX             is testing the 2080 support zone. The 200 SMA line, the 50 and the Fast are still below price - Acting as potential support lines.

No change since October 2015:
2100-2120 is still the nearest resistance zone
2080 is still support
2040-2060 is still the Major support that act as the bottom of the 2050-2100 trading range.

As long as this range holds,, this is what you can trade.. or stay aside.

Thank you central banks ...

Tomer, The MarketZone
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Tomer J,
The Market Zone - You trading Edge
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