Thursday, December 11, 2014

Look Out Below if this Simple Support Level fails for the SP500

The S&P 500 has retraced quickly to a known support target and we’ll focus on this current confluence level with great interest.
Let’s highlight this level and plan a pathway if buyers fail to intervene here as they’ve done in the past (on the weekly chart).

A simple plan would have us focus on the 2,020 highlighted confluence of the September price high with the rising 50 day EMA. (more)

Please share this article

No comments:

Post a Comment