SPX/SP500 PRESENT STATUS AS ON EOD 27/06/2016
S&P 500/SPX ON MID TERM CHART SPEAKS A LOT. SEE THIS RED TREND LINE & WATCH BEHAVIOR OF INDEX AROUND THIS RED TREND LINE. BEFORE BREXIT EVENT 2111 ACTED AS RESISTANCE WHICH IS OUR FIB RESISTANCE & TODAY 1990 ACTED AS A SUPPORT WHICH IS AGAIN OUR FIB GRID SUPPORT. SO USE OF THIS FIBO GRID & TREND LINES WILL HELP US IN FUTURE TAKE ANALYZING DECISIONS.
MORE ANALYSIS ON AMGONIFTY@WORDPRESS.COM
S&P 500/SPX ON MID TERM CHART SPEAKS A LOT. SEE THIS RED TREND LINE & WATCH BEHAVIOR OF INDEX AROUND THIS RED TREND LINE. BEFORE BREXIT EVENT 2111 ACTED AS RESISTANCE WHICH IS OUR FIB RESISTANCE & TODAY 1990 ACTED AS A SUPPORT WHICH IS AGAIN OUR FIB GRID SUPPORT. SO USE OF THIS FIBO GRID & TREND LINES WILL HELP US IN FUTURE TAKE ANALYZING DECISIONS.
MORE ANALYSIS ON AMGONIFTY@WORDPRESS.COM
Comment:
SPX / SP500 RETRACED ALMOST TILL MIDDLE LINE OF CHANNEL