themarketzone
Short

Bearish trading scenario for the week - Trend lines analysis

FX:SPX500   S&P 500 index of US listed shares
a month ago
SPX             formed a weekly Outside Bar last week.
It was rejected by a trend line and the Fast weekly MA line.
The price is currently also below a weekly uptrend line but still above a minor support zone.

2155- 2160 is a weekly resistance zone.
2120 is a weekly resistance zone.
Potential Target for this bearish scenario is 2080-2100.
The price will meet a broken trend line and the 50 weeks MA line support - Strong weekly support zone.

You can read the full SPX             analysis in this week's newsletters (see link in signature)

a month ago
Trade closed: target reached
Special ECB preview - https://goo.gl/hZMkYY

Tomer J,
The Market Zone - You trading Edge
Visit my website - http://www.themarketzone.net/
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