I looking to buy the spx on pullbacks next week and these are the current levels I am looking at,
1st 1693 former resistance could turn into support to launch this market higher,
2nd 1688 to 1685 a zone of support,
3rd 1679,
4th 1673 to 1671 another zone of support.
Alt - if price keeps heading higher I will trail my fib and look to enter at the 0.125 and 0.236 fib levels, in a fast moving market these levels can act as support to continue the rally.
Alt - The 78.6% from fomc high to low is at 1715.4, price could head up to it before having a pullback. If price break this level, it would not surprise me if the fomc highs were tested next week.
On all trades I will put my stop below the low of the level I enter and move stop to BE asp.
1st 1693 former resistance could turn into support to launch this market higher,
2nd 1688 to 1685 a zone of support,
3rd 1679,
4th 1673 to 1671 another zone of support.
Alt - if price keeps heading higher I will trail my fib and look to enter at the 0.125 and 0.236 fib levels, in a fast moving market these levels can act as support to continue the rally.
Alt - The 78.6% from fomc high to low is at 1715.4, price could head up to it before having a pullback. If price break this level, it would not surprise me if the fomc highs were tested next week.
On all trades I will put my stop below the low of the level I enter and move stop to BE asp.