Cross of Time and Price resistance:
Pivotal area for the price if the FED delays the rate hike might be at the end of October 2015, with a trend decision in the middle of November 2015, before we head into the next FOMC meeting of the FED.
P.S. Zoomed-out chart version:
- Next FOMC meeting in the middle of December 2015
- Price resistance around 2025-2016 points on the S&P 500
Pivotal area for the price if the FED delays the rate hike might be at the end of October 2015, with a trend decision in the middle of November 2015, before we head into the next FOMC meeting of the FED.
P.S. Zoomed-out chart version:
Note
Interestingly we have come back to the main and most pivotal price area (red line) three trading days before the next medium-term trend direction decision (arrows up/down):Note
Same chart, zoomed-in into the current price area with the weekly close of Friday 13, 2015 where the market closed before the horrible Paris terror attack happened.Note
The market is almost at the grand finale! It's Tuesday. December 15, 2015 - one day ahead of Janet Yellen's FOMC meeting about the FED rate hike. And the price has re-approached the red time vs price cross:Same chart, zoomed in:
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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.