SPX bullish as long as 2700-2735 holds

Σηματωροί του ΧΑ
March 16, 2018
Επιλογές…
March 16, 2018

Small wedge broken. Big wedge holds. Support is at 2735. Cloud support at 2700. Upper BB at 2800, mid BB at 2733.

Simple thinking. Holding above 2730-2700 the chances favor bulls for at least a run towards 2800. The upper blue wedge boundary is at 2850. Break the blue wedge and the Daily cloud support, price will be in danger of another February sell off towards 2450. Do not get married to a single scenario and view. Be open to other scenarios and use the important support and resistance levels in your favor for the short-term.

 

Alexandros Yfantis
Alexandros Yfantis
Fascinated by financial markets, studied International Securities Investment and Banking in the UK, works as a Portfolio Manager in Greece and runs a technical analysis website. Enjoys travelling and spending time with his family and preparing for the black belt in Korean Karate.