SPX500 Analysis

FX:SPX500   S&P 500 Index
38 0 2

price remains in its range with support beeing 2043 and resistance at 2134
its building a cause for the next move , depending on the change of supply and demand

Price currently resides at the "mean" of the range at 2090 one could say we trade at "fair" value
and these locations usually mean chop , also they give further insight on the future course
ie. on a rejection to the downside we will visit support again and vice versa

Price Action
Price is in a decline from the resistance level and currently formed a minor range between
resistance 2095 and support 2080 , whereas we broke to the upside and currently retest the broken resistance

as we broke resistance at 2095 and currently retest this level again , one can be on the lookout for a long setup.
should price trade back into the range the next chance for a long play would be at the mean 2088 , however as
we are still in chop country , one should rather wait for price to hit the extremes ,



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