S&P - Where to next
Possible price action from the recent rally can end within the pitchfork due to the 50sma resistance level (green line in the middle)
If that breaks and holds S&P could make a possible move to the up side to test the 200ema bringing it up to the 3865 price mark where it will need the bulls to bring everything they have to the party to breakout of the downward trend and keep the rally going.
If the S&P500 can't hold at the 200ema it may be quick reversal to the downside and most likely to retest the recent low
If that breaks and holds S&P could make a possible move to the up side to test the 200ema bringing it up to the 3865 price mark where it will need the bulls to bring everything they have to the party to breakout of the downward trend and keep the rally going.
If the S&P500 can't hold at the 200ema it may be quick reversal to the downside and most likely to retest the recent low
Aviso legal
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