garold
Long

If SPX500 breaks above 2184, expect rally to 2352 FIRST

FX:SPX500   S&P 500 Index
Wide trading range for SPX500             so long as it's above 2016. Is on the cusp of breaking 2184 and if it manages to break through, expect rally towards 2352 median of range (with minor resistances at 2226, 2268, 2310).

If bulls can take out 2352, 2688 top end of range comes into play but expect heavy selling pressure at 2520.

Bears can only be in control if they can manage to break below 2016.

Related Ideas

Yes, sir ruzgar. Support and resistance levels are defined using homogeneous linear recurrence relation (Fibonacci). https://en.wikipedia.org/wiki/Recurrence_relation
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ruzgar garold
thanks .
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sir hi.these numbers are fibo or something else?
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