Implications and Outlook
The SPX seems to be making progress towards Mean Support 2856, as huge investment capital flow preps to move in following a long time stand on the sidelines. Even while there has been some come back in certain Emerging Markets, the longer intermediate-term trend continues to be bearish as if looks the major moves are not yet been found.
For the bulls, Key Resistance, and Index Rally at 2914 is a primary target. For the bears, Mean Support at 2856 is worth keeping an eye.
The SPX seems to be making progress towards Mean Support 2856, as huge investment capital flow preps to move in following a long time stand on the sidelines. Even while there has been some come back in certain Emerging Markets, the longer intermediate-term trend continues to be bearish as if looks the major moves are not yet been found.
For the bulls, Key Resistance, and Index Rally at 2914 is a primary target. For the bears, Mean Support at 2856 is worth keeping an eye.