Price action details in 2018.
Friday, October 19, 2018
MTU Weekend Ed - 200 DMA (10/19/18)
SPX is probing its 200DMA for the second week, the 6th time since the Feb 2016 low. SPX actually closed the week just below it(Chart 1). The big picture as discussed last week has not changed. If the 200DMA gives away, dynamic support is around 2560. Near term resistance is around 2855.
Near term structure presents several possibilities.
Price action details in 2018.
Price action details in 2018.
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