SPX500 Testing Key Resistance
- Testing key trend-line off 12/29 high
- Head-and-shoulders scenario still remains in play
- Bias remains tilted down under 2050
S&P 500 is moving higher today, testing a downtrend line from December. The previously mentioned head-and-shoulders topping formation is still in the cards. Bias will become neutral on a move over 2050.
SPX500 4-hr: Nov ’14 – Present
---Written by Paul Robinson, DailyFX Research
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.