YaKa

SP500 - Technical Event in the making

FX:SPX500   S&P 500 index of US listed shares
465 0 8
Dive through 2009 support - 200d ema - Annual Pivot

Just cracking the supports structure.

I think it would rebound on the 370d ema and reach back to top.

We could be in a 10% trading range until end of Oct15 where Longs become very dangerous if it plays out as suggested on this chart.

The short is becoming obvious and the market may frustrate option players by marking a top on the 20th of June, 20th of September and 20th of October... Then: Watchout if it did not fall before.
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