Martzee
Long

SPX bullish unless FED stops it

FX:SPX500   S&P 500 index of US listed shares
115 0 1
Today, March 16th was a significant day in my opinion as we reclaimed 50 day MA and closed above it in a strong bullish move. We also reclaimed 2065 level which was a previous support, then resistance and now a support once more. The trend line support holds so far and supports the market. Once again we are seeing our well known 2093 & 2100 resistance levels being tested. Will they hold and push us back or will we see a new all times high?
Another significant event will be happening this week which may shake the markets - FED and their FOMC meeting. If they spook investors we will see more selling otherwise road up to 2093 is open.
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