SPX found support (so far) on its fourth touch with its MA200 (Chart 1).
Saturday, March 31, 2018
Friday, March 23, 2018
Saturday, March 17, 2018
Saturday, March 10, 2018
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.
Saturday, March 3, 2018
SPX is squeezed between the lower boundary of its trend channel (blue) and overhead resistance (red) and has shown strong reaction. New high likely if the red line is overcome and ~2400 likely if the blue channel is overcome.