etsimastuottoa

SPX knocking on resistance

FX:SPX500   S&P 500 Index
Hoping to get spike to 2160, which would be very good potential short area. If it happens today, it's powerful price extension (daily 5/20 atr is about 22 pts, this one would be about 25 pts). Would be happy to short that.

At the moment 2150 area looks strong and we may not get trough that, but I'm patiently waiting how they price behaves. FOMC day so anything can happen.

We have at 2160 area:
20 DMA
20 WMA
Very strong resistance of daily/weekly candles
Last Monday's highs, so it could be a double top also.

GL & HF
Comment: UGH. Watching the price action now. It won't probably stop here today... Nice long setup, hope you got it :)
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