SPX tried to continue rally but failed on supplyzone with bearish candle pattern. Outlook for next week so far neutral or slightly bearish. Levels to watch with yellow lines. GL
Comment:
Headline should end bearish
Trade active:
SPX turned from the level pretty much exactly and we are in the upper range of the chart. There is still some room on the range area to continue up. My view for the coming week at the moment neutral to bullish. GL
Comment:
*on the level
Comment:
SPX seems to still obey the range boundaries so trading the range with lookout for possible breakouts or downs. There is case for bulls and bears, my view range play with slightly bearish undertone since the pattern tries to breakdown