SPX (S&P 500 Index) 1979.92- weekly bullish– Near-term rally eyes 2020.86 next
SPX weekly key levels to watch:
Resistance: 2020.86 (September 14, 2015 weekly high)
2039.69 (March 9, 2015 range low) under 4-year rising trendline now resistance
Support: 1908.92 (September 21, 2015 low)
1871.91/1867.01 (September 28/August 24, 2015 lows) near 23.6% of the 1074.11/2134.72 rise (October 2011 low/May 2015 high),
Outlook:
Daily: bullish
Weekly: bullish
Monthly: neutral
SPX weekly key levels to watch:
Resistance: 2020.86 (September 14, 2015 weekly high)
2039.69 (March 9, 2015 range low) under 4-year rising trendline now resistance
Support: 1908.92 (September 21, 2015 low)
1871.91/1867.01 (September 28/August 24, 2015 lows) near 23.6% of the 1074.11/2134.72 rise (October 2011 low/May 2015 high),
Outlook:
Daily: bullish
Weekly: bullish
Monthly: neutral
