Nathan_Black

SPX reacted today.

TVC:SPX   S&P 500 Index
In my previous SPX analysis, I was hoping to see it comes all the way back to 2641, but the 21 ema is doing a good job as a support here. If S&P goes up and close above the blue line region, then it will probably stop only at 3136, a sign of real strength here.
I was working with a scenario where the decisive point would be the orange line, but the 21 ema already did the job (so far), so we must work with we've got.
It’s more and more unlikely that the trend will reverse, and odds are SPX at 3136 again.

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