Sun 16.Dec.2018
SPX
LAST= 2,599.95
SP500 INDEX movement during the last few days showed a Bearish move, with a recent low price seen on Mon 10.Dec.2018 at 2,583.23.
During the next few days the price is expected to go down to test the low of last week of 2,583.23.
On a longer view it is expected to continue to be DOWN as long as the price is below 2,650.00. And , its recommended to ' BE SHORT ' for a targeted price of around 2,560.00 taking in consideration the support levels.
On the other hand, a change in the direction of the general trend needs to be considered when the price trades above the level 2,720.00
Res_2 = 2,690.50
Res_1 = 2,640.00
Sup_1 = 2,580.00
Sup_2 = 2,530.00
SPX
LAST= 2,599.95
SP500 INDEX movement during the last few days showed a Bearish move, with a recent low price seen on Mon 10.Dec.2018 at 2,583.23.
During the next few days the price is expected to go down to test the low of last week of 2,583.23.
On a longer view it is expected to continue to be DOWN as long as the price is below 2,650.00. And , its recommended to ' BE SHORT ' for a targeted price of around 2,560.00 taking in consideration the support levels.
On the other hand, a change in the direction of the general trend needs to be considered when the price trades above the level 2,720.00
Res_2 = 2,690.50
Res_1 = 2,640.00
Sup_1 = 2,580.00
Sup_2 = 2,530.00