Spxsignals
SPX500 - Short to the 1800 handle.Since December we have seen a weak rally of price back into an area of resistance with decreasing volume.
A distribution pattern has been occurring since December 2018. A sell pivot printed on the 22nd January which gave the signal to go short. The target is the 1800 handle.
Technical Analysis outlook - S&P 500 INDEX - $SPX (SP: SPX ) Sun 13.Jan.2019
Ticker: SP:SPX
LAST= 2,596.26
S&P 500 INDEX movement during the last few days showed a Bullish move, with a recent high price seen on Thu 10.Jan.2019 at 2,597.82.
During the next few days, wait for a more solid signal as the price is expected to try to test the psychological level of 2,600.
But as of now, as long as the price is expected to trade within a band of 2,625.00 - 2,520.00, and the direction of the general trend needs to be considered when the price trades above 2,625.00 or below 2,520.00
Res_2 = 2,653.00
Res_1 = 2,597.90
Sup_1 = 2,542.75
Sup_2 = 2,487.65
