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Add as a preferred source on Google S&P500 breaks minor trend line support, decline till 2112 likely Major resistance -2150 (55- 4H EMA). Minor support - 2130. The index jumped slightly till 2149 after forming a temporary bottom at 2112.90. It is currently trading around 2137. On the lower side, any break below 2130 wil…
By FxWirePro Team Oct 21, 2016, 9:55 AM UTC
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Major resistance -2150 (55- 4H EMA).
Minor support - 2130.
The index jumped slightly till 2149 after forming a temporary bottom at 2112.90. It is currently trading around 2137.
On the lower side, any break below 2130 will drag the index down till 2120/2112.90.
The index major resistance is around 2150 and any indicative break above will take the index to next immediate resistance at 2165/2180 level.
Minor trend reversal only above 2180.
It is good to sell on rallies around 2135-2140 with SL around 2150 for the TP of 2112
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