S&P 500 Backed Off From Key Resistance 6 Weeks Ago - More to Come?
kimblechartingsolutions.com
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Original
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APR 11, 2017
ORIGINAL SOURCE: S&P 500; Bearish wicks form as it backs off! by Chris Kimble of kimblechartingsolutions.com on 4/11/2017
The S&P 500's SPY derivative has gone nowhere but down for 6 weeks hitting Fibonacci resistance of 161% at 238 and correlated to the S&P 500 Cash Index at 2376.97. Time will tell if it can break to the up side or is this the start of a decline.
Please read the details here; S&P 500; Bearish wicks form as it backs off!
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