JonathanWong
Long

Short reprieve to the US Equity market

FX:SPX500   S&P 500 Index
The SPX             has fallen to a 52 week low following concerns on the Chinese economy and oil             glut that drove oil             prices to record low. It appears that the SPX             has found temporary support around 1820. The Index has previously on two other occasion (in October '14 and more recently August '15) failed to break past this level. Daily close candles points to a reversal of the current daily downtrend. Potential target of 1960 - 2000

Really time to raise, fisher transform and IFTRSI_LB make a good kiss at bottom, One of my best combine of indicators to catch turning point.
+1 Reply
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