Cross of Time and Price resistance:
Pivotal area for the price if the FED delays the rate hike might be at the end of October 2015, with a trend decision in the middle of November 2015, before we head into the next FOMC meeting of the FED.
P.S. Zoomed-out chart version:
- Next FOMC meeting in the middle of December 2015
- Price resistance around 2025-2016 points on the S&P 500
Pivotal area for the price if the FED delays the rate hike might be at the end of October 2015, with a trend decision in the middle of November 2015, before we head into the next FOMC meeting of the FED.
P.S. Zoomed-out chart version:
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Interestingly we have come back to the main and most pivotal price area (red line) three trading days before the next medium-term trend direction decision (arrows up/down):
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Same chart, zoomed-in into the current price area with the weekly close of Friday 13, 2015 where the market closed before the horrible Paris terror attack happened.
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The market is almost at the grand finale! It's Tuesday. December 15, 2015 - one day ahead of Janet Yellen's FOMC meeting about the FED rate hike. And the price has re-approached the red time vs price cross:
Same chart, zoomed in:
Same chart, zoomed in:
