SP500 - VWAP in the Crosshairs
The SP500 has so far staged a 16% recovery off the Oct 22' swing low and managed to break through a major downtrend.
The next big hurdle for the bulls will be the VWAP-4195 that runs from the Dec 21' swing high and the 4300 major resistance zone if this momentum continues into the week.
Any pullbacks to the major trendline and 3900 will need to be defended or else a possible false breakout might unfold.
The next big hurdle for the bulls will be the VWAP-4195 that runs from the Dec 21' swing high and the 4300 major resistance zone if this momentum continues into the week.
Any pullbacks to the major trendline and 3900 will need to be defended or else a possible false breakout might unfold.
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