Coiling inside the PRZ - Fed and ECB stirring the pot
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.
$SPX is testing the 2080 support zone. The 200 SMA line, the 50 and the Fast are still below price - Acting as potential support lines.
No change since October 2015:
2100-2120 is still the nearest resistance zone
2080 is still support
2040-2060 is still the Major support that act as the bottom of the 2050-2100 trading range.
As long as this range holds,, this is what you can trade.. or stay aside.
Thank you central banks ...
Tomer, The MarketZone
Follow me on TradingView
Subscribe to my newsletters - goo.gl/R3gPVE
Follow my blog - goo.gl/78KZsl
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$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
Follow me on TradingView
Subscribe to my newsletters - goo.gl/R3gPVE
Follow my blog - goo.gl/78KZsl
Subscribe to my Youtube channel - goo.gl/q8dbyT
