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| SPX 60M |
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| SPX 60M |
The most compelling argument for a rally and resumption of the intermediate uptrend, if 1930 fails, is SPX 1910 (above chart) as price moving into the 1800s will threaten the upward drive.
Happy trading.
Monday, February 29, 2016
Markets 29 Feb - 4 March 2016
We ended last week with optimism for a run at SPX 2000 where we were looking for an early Friday bounce at 1940.
The issue now is less whether we can participate in the intermediate uptrend to SPX 2000, but whether the current uptrend holds at a level in the vicinity or fails and resumes the broader market and economic downtrend.
The most compelling argument for a rally and resumption of the intermediate uptrend, if 1930 fails, is SPX 1910 (above chart) as price moving into the 1800s will threaten the upward drive.
Happy trading.
The most compelling argument for a rally and resumption of the intermediate uptrend, if 1930 fails, is SPX 1910 (above chart) as price moving into the 1800s will threaten the upward drive.
Happy trading.
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