fxtrader66

SPX is it at a resistance zone?

FX:SPX500   S&P 500 Index
2
SPX has been rallying non stop since the recent lows, and looks like it's at a resistance zone where I believe the -0.618 and upper TL of the pitchfan could act a resistance. A break below the 200 triple ema (TEMA) would confirm a correction (IMO) has started. Looking to short on signs of resistance up at upper TL and a break under the 200 TEMA.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.