SPX Roadmap Update May 2017

Updated

Crunch time coming

Note

Here SPX could form IHS targeting 2465 on futures while 2479 is the consolidation range projected upwards. In any way, the next 3 weeks leading up to the FED meeting are crucial

Note

The whole consolidation looks like cup with a handle so far

Note

FED meeting in mid June has massive significance

Note

Net positioning is still modest which is positive

Related publications

SPX Roadmap May 2017

SPX LT View May 2017

Disclaimer

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.