Was rejected this week by the broken uptrend and resistance zone
$SPY was rejected this week following a re-test of previous record highs (or what I call the top of the False breaks trading range) and a re-test of broken uptrend line.
The situation in $SPX is well explained in the chart as we have two different trading ranges - Main and extended (False Breaks range).
2060-2120$ is the main zone
2040-2130$ is the extended False Break trading range
Have a great weekend everyone and make sure you don't miss the next Weekly Markets Analysis
The situation in $SPX is well explained in the chart as we have two different trading ranges - Main and extended (False Breaks range).
2060-2120$ is the main zone
2040-2130$ is the extended False Break trading range
Have a great weekend everyone and make sure you don't miss the next Weekly Markets Analysis