SPX500 Daily Observation March 9, 2016 (Wednesday)
SPX hit resistance. On Friday, there will be a catalyst called US employment claims coming out like they do every week. Next week on Tuesday, Wednesday and Thursday there will be more catalysts. Those catalysts involve US inflation data, retail sales manufacturing data and consumer sentiment. I will update my predictions at the end of the week for this data.
Without this data, the chart can go either way. Maybe float right under resistance until next week, unless some new information unexpected pushes price out of the pattern prematurely. Either way it goes, my hands our on my hands until I see my set-up. It looks like it can go to 2030.
Without this data, the chart can go either way. Maybe float right under resistance until next week, unless some new information unexpected pushes price out of the pattern prematurely. Either way it goes, my hands our on my hands until I see my set-up. It looks like it can go to 2030.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.