Simple_FX_

SPX500: Decision time break or bounce?!

OANDA:SPX500USD   S&P 500 Index
Good Morning,

SPX500 has reached a decisive point it seems as it has broken a resistance level now turned support at 3156.6 that price has retraced to.

If price bounces off this support level than we could expect price to reach around 3229.2.

Conversely if it breaks downwards then a short trade could be triggered off a retrace back to 3156.6 before going further down.

Good Luck!

And let me know what you think I always value feedback!

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