S&P 500 - weekly charts

S&P 500 - last two session, all traders are waiting for session like this! S&P 500 drop almost 6% last week. This is something!

Below you can find my analysis of S&P 500. All important support / resistance levels you can find on charts. There are also few words about SPY - ETF. Take a look at a volume on SPY - looks very similiar to 15.11.2014.

Charts on: http://bedaytrader.com/index.php/latest/item/341-s-p-500-biggest-drop-in-last-few-years
 
Trading View Today: The S&P confirmed a further strong closing on Friday suggesting we have a s/t bottom at 1983,20 supporting a move toward the 200 days line at 2041,52 before our s/t target, still at 2’072,50, if not even higher levels suggesting a retest of the previous tops!! The weekly closing was also strong, well above the top of the previous week.
The indicators of the daily chart are still well positive for now but also still showing potential negative reversals; those of the weekly one remain below the line. The indicators of the s/t charts are positive with further bearish divergences still supporting a positive tone.
I have long for now, 2'001. We moved the stop to 20’12,50 as suggested!!
 
Top