SPX reacts higher after fed and triggers double bottom formation

21 de set. de 2016

Bullish engulfing after market reacts positively to Fed minutes after leaving rates unchanged but pointing towards a hike in December. Double bottom formation triggered on a break of the 2163 neckline
Buy a break of 2165
Measured move target 2210
161.8% fib extension at 2230
Stop at 2120

22 de set. de 2016

Nota

Breakout from previous triangle is now forming a bullish flag and backs up the buying a break idea