SPX had reached a key resistance area and reacted to the downside with rsi divergence breaking out of a narrowing wedge. There are a number of areas that price could react to. We're already seeing a reaction to the 2728.28 level, this could be a temporary corrective move before price moves lower. If it does move lower, the 2639.39 level might get a reaction too.
Commentaire:
Price is continuing to the upside. It looks like its going back to fight the 2802.78 level
Commentaire:
Price has broken above resistance area. We might see a continuation to the upside. Wait and see if this is not a false break.