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From Big Picture Perspective, Easy Money is Behind the SPX

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Feb-Mar recovery rally off of 1810.10 (Feb 11) is approaching very serious resistance lodged between 1990 and 2025, which represents the next likely target zone for the COMPLETION of a counter-trend advance within a developing transition period from Bull to Bear. If such a scenario unfolds, then SPX has maximum upside of around 2% from current levels (1982/83) prior rolling over into another powerful correction that will take out 1810 in route to 1750/40, and then 1600.

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