Currently S&P 500 is testing on 1.382 fibo (2328) and seem like resistance is holding strongly..high chances that it will undergo mean reversion to test back 2300 previous resistance.
Yellen Testified coming soon. Trade with care.
Yellen Testified coming soon. Trade with care.
Comment:
The bull rally strongly and force shortist to cut loss. Able to see some supply flush in around 2343 to 2345 area. Need to monitor price action progress. Next level possible of resistance will be at 2360 to 2380 area where the index enjoy 100 points of rally from start of this year.