SPX bullish unless FED stops it
Today, March 16th was a significant day in my opinion as we reclaimed 50 day MA and closed above it in a strong bullish move. We also reclaimed 2065 level which was a previous support, then resistance and now a support once more. The trend line support holds so far and supports the market. Once again we are seeing our well known 2093 & 2100 resistance levels being tested. Will they hold and push us back or will we see a new all times high?
Another significant event will be happening this week which may shake the markets - FED and their FOMC meeting. If they spook investors we will see more selling otherwise road up to 2093 is open.
Another significant event will be happening this week which may shake the markets - FED and their FOMC meeting. If they spook investors we will see more selling otherwise road up to 2093 is open.
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