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themarketzone

Top of a trading channel - Will it close below 2400?

Short
S&P 500 Index (FX:SPX500)  
themarketzone  
FX:SPX500   S&P 500 Index
SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY) DXY Oil CL WTI
5
0
spx spy dxy oil cl wti
SPX rallied today to new record high but it is now threatened by falling Oil prices.
Pay attention to the top of the channel now. Should act as resistance.
A close below 2400 can generate a weekly false breakout.

Low risk, high potential reward
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