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Writer's picturejeremy cho

SPX IMMINENT TEST OF 4000

The buyers on the dip at 3725 on the 5th of March staged a bounce with a long signal at 3870 on 080321, setting an intraday high of 3959, 41 points short of 4000. The overhead pivot resistance on the daily charts at 4011 seems to be within reach next week.


PIVOT 4011

Short positions below 4011 targets 3878 and 3554

Long positions above 4011 target all time highs


Long term UPTREND since 011220

Medium term UPTREND since 010620

Short term range between 3878 and 4011




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