Saturday, March 10, 2018

MTU Weekend Ed - Squeezed (2) (3/9/18)

SPX reacted at support (chart 1, 2) and remain squeezed between support and resistance but approaching the overhead resistance (chart 1 red line) in a potential bear flag (chart 1 and 3).  As discussed last week - New high likely if the red line is overcome and ~2400 likely if the blue channel is overcome.