Trading1to100

CONSOLIDATION 2670-2650 OR LOWER!!!

OANDA:SPX500USD   S&P 500 Index
PRICE has exceeded 2650 however currently at 2641 which is acceptable...( I cannot be 100%)
break below 2650-2640= 2600 or upto 2570, break below 2570= 2530-2500 support should hold...
Break below 2530-2500 expect lower prices back to 2460-2430 or 2420-2400.

upside resistance 2700-2715, break out above here then retest of 2753 or higher T2=2840-2890.

if support at 2530-2500 fails to hold then there is a probability that it can consolidate lower to 2400-2315 support zone

this is what to expect... however in the near term 2530-2500 is the zone that needs to hold for the upside to T2= 2840-2890.

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