SPX 500 Technical Analysis: Oscillating Around 2100 Figure
19 Aug 2015 07:06, GMTTalking Points:
- Support: 2088.10, 2063.40, 2040.10
- Resistance: 2115.90, 2129.60, 2137.10
- For more, visit our SPX 500 page
The SPX 500 continues to tread water at monthly rising trend line support mode below the 2100.00 figure. A daily close above resistance at 2115.90, the July 31 high, exposes the June 22 top at 2129.60. Alternatively, a turn below trend line support at 2088.10 clears the way for a challenge of the July 27 low at 2063.40.
KEY UPCOMING EVENT RISK:
19 AUG 2015, 12:30 GMT – US Core CPI (YoY) (JUL) – Expected: 1.8%, Prev: 1.8%
19 AUG 2015, 18:00 GMT – Fed Releases July FOMC Meeting Minutes
20 AUG 2015, 06:45 GMT – Fed’s John Williams Speaks
21 AUG 2015, 00:20 GMT – Fed’s Narayana Kocherlakota Speaks
21 AUG 2015, 01:45 GMT – Caixin China Mfg PMI (AUG P) – Expected: 48.0, Prev: 47.8
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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