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TFC Commodity Trading Forum

Re: S&P 500 (SPX) next move? *PIC*
In Response To: S&P 500 (SPX) next move? *PIC* ()

Since 11May, SPX's daily bar closed above 1356 only once recently; happened possibly on expectation of QE3.
After FOMC's announcement, it rolled back to the bear's zone.
Void if a daily bar closes above 1356.
Next S/Rs : 1300, 1266 and 1363.5 (on reversal).
Trade well.