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We are at heavy resistance on SPX - 33 point trading range?


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#1 kinga200

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Posted 16 December 2015 - 04:36 PM

I think we trade in a 33 point range till year end given the resistance and support levels.

 

I am using $SPX:

 

 

[attachment=24002:SPX_Resistance.png]

 

 

My 135 Min Trend Model had a buy today, but given the huge resistance above probably a false signal.  My Daily is still down/neutral.

 

So I think we trade in a small range till year end.



#2 thoughtpwr

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Posted 16 December 2015 - 07:30 PM

Never underestimate the power of OEX ......  Living for two days with all the odds in your favor and changing your mind at the end of two days is easy for most traders