Jump to content

Sign in to follow this  
News Feeds

Now 2010 Is All That Matters

Recommended Posts

BofAML's Stephen Suttmeier views the 61.8% retracement of the May-Feb decline at 2010.72 as critically important. A failure to close above this retracement would send a bearish message, especially given negatively positioned and falling 100 and 200-day moving averages.

 

Key SPX levels: Watch that 61.8% retracement at 2010.72

 

S&P 500 resistance at 1990-2025 has limited the rally this week. This is a confluence of chart, 100/200-day MA, and Fibonacci levels.

 

 

 

20160311_2010_0.jpg

 

 

 

Should the tactical bulls continue their winning ways (with daily momentum staying overbought on a grind higher just like it did into the early November high) the upside count of the double bottom breakout at 2085 comes into focus.

 

Supports remain 1963-1931 and 1902-1891, which are ahead of the 1812-1810 lows.

 

20160311_2010.jpg?1457713193

 

 

 

rc.img

 

rc.img

 

rc.img

 

a2.imga2t.imgmf.gif4lm1OePfqf8

 

Continue reading...

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×

Important Information

Your Privacy Is Important To Us Learn More: Privacy Policy