Monday, February 15, 2016

SPX S&P 500 Daily Chart

The green lines show the falling wedge pattern for price (bullish) and positive divergence with the indicators (bullish). Price launched on Friday receiving the boost from the possie d. Price has violated the bottom standard deviation band so a move back to the middle band at 1884-1885 (also the 20-day MA) is in play. The brown lines show the key S/R at 1942-1943, 1924, 1897, 1884, 1878, 1874, 1872, 1848, 1841, 1808, 1803 and 1800. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

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