FX:SPX500 S&P 500 index of US listed shares
I would like to see a 23+ move to the upside within the next two days. The S&P looks to be respecting the diagonal trend line that is testing all the recent lows and on top of that there are several horizontal lines that could serve to be resistance. I am seeing a very vague ascending triangle with higher lows and minor highs testing the horizontal resistance at around 2096. If the Market manages to break the 200 eMa on the hourly chart we should see to the up side of the overall pattern otherwise we may see the market walk along the trend lines or even break the minor low trend line.