Wednesday, October 14, 2015

S&P500: The end of the bullish movement...

 
The S&P500 is inverting as it closed in the red, yesterday, after failing to breakout 2021, which has sent it back to 2001.78. The S&P500 will pursue its bearish trend to 1993.11, today.

Breaking out 2007 will send it back to 2013.4. Only breaking out 2021.11 will reject the bearish trend .

The daily Pivot Point is around 2009.27. The daily support levels are around 1996.2 and 1988.71. The daily resistance levels 2016.76 and 2029.83.