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1880 SPX: 18 weekly touches in last 2 years.

Weak floor: Watch out below.

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#1 Rogerdodger

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Posted 05 February 2016 - 04:27 PM

Building support...or future resistance?

 

Interesting that each number is just below the even number, 2100, 2000, 1900.

 



#2 Charvo

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Posted 05 February 2016 - 09:16 PM

I think the market is cleaning house before the next administration comes on board.  NYSI is rolling over which could mean that 1880 level eventually gives.

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#3 risk_management

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Posted 05 February 2016 - 09:50 PM

I think the market is cleaning house before the next administration comes on board.

 

I always thought that's going to be the case.  What surprises me though is that POTUS made a statement that we have the strongest economy out there.  That might be the case but wheels are coming off at the moment throughout the world and we won't be spared.