SPX Critical Level of 1391.25 to be tested this week.
359
Critical Level to hold 1391.25 Otherwise we will see a breakdown out of this channel. With a highly likely pullback to the 1200's and lower. (1144) Only then would QE3 be likely. Personally, I think we will hold the 1391 level and trade up towards 1450 again.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.