FxWirePro
Long

S&P500 faces strong resistance at 1900, break above targets 1956

FX:SPX500   S&P 500 Index
345 1 2
Major resistance -1900 (55 day 4H EMA and cloud top)

S&P500             has made a high of 1898 and slightly retreated from that level. It is currently trading at 1893.

Any break above 1900 will take the pair till 1927/1945/1956.

On the downside minor support is around 1870 and break below will drag the index down till 1835/1810/1785.

Overall bearish invalidation only above 2000 (55 day E MA).

It is good to buy only above 1900 with SL around 1870 for the TP of 1927/1956.

Keep it simple....

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