The futures is in an acceleration mode, and this means that a high risk of impulsive move lower.
SEN: Bearish
ST: UP
PA: NA
Wednesday 14 October 2015
14 Oct 2015 - Stuck Between Two 75MA
As discussed in previous post, the 75MA on the weekly and the daily has proven a strong resistance for price in the SPX. Today however, we have a 75MA in the 60min chart that looks to support prices. This would need to break for bears to have a sustained move lower.
The futures is in an acceleration mode, and this means that a high risk of impulsive move lower.
SEN: Bearish
ST: UP
PA: NA
The futures is in an acceleration mode, and this means that a high risk of impulsive move lower.
SEN: Bearish
ST: UP
PA: NA
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