Friday, October 16, 2015

S&P500: Against all odds, back to a bullish market?

 
The S&P500 inverted, yesterday, as it went back to a bullish market breaking the last high it has achieved a couple of days before the trend shifted. The benchmark will have 2037 as an objective, with 2030.23 as a primary objective.

Failing to continue its bullish trend will send it back to around 2009.94.

The daily Pivot Point is around 2014.82. The daily support levels are around 2005.5 and 1987.14. The daily resistance levels are around 2033.18 and 2042.5.