at these stage spx is on a no go zone , on up side price action is sitting on big resistance around 2095 and a fib level a couple point above that and below it face as support and it quit a BIG one that have been defended for quit some time now but it will be very interesseting to see wich side it's going to actually go , on either side they are big target long...
SPX500 mid to longterm SHORT bearish Cypher, longterm resistance
In my scenario the SP500 and markets im general might shoot their last fireworks to
have a final champagne party on Mario Draghi and the ECB 0% interest rate medication.
However the longterm resistance line from May 2015 high is coming southwards, looking to meet
our curve around 2080 levels...
S&P still showing signs of bearish pressure. We've blasted through the 50/60 ema and are flirting with the 1920 which has been holding since mid 2014. Seeing a nice curve top which could indicate a downward move that may brake this line. Also showing MACD divergence. If this heads down to the 200/250 ema we may be in a full pull-back. Looking at the monthly and...
