June 25, 2016

S&P 500 Weekend update

  • SPX Daily chart shows price testing crucial moving averages. Further weakness if price starts to trade below these levels.
  • 2020 - 2030 is a crucial support zone. Weekly close below these levels may further weaken SPX Bulls.
  • Month chart shows Bearish upper shadows for Month candles. Upper shadows shows price unable to close the month above 2100 levels. Unless this happen a bigger breakout is not possible.

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