Successful AB=CD reversal - 1945-1950 nearest support
Successful AB=CD pattern initiated today's rally on $SPX.
1945-1950 is key support now and the hourly 200 SMA line is what currently keeps $SPX from breaking higher.
Towards GDP - Potential pullback towards 1945 or breakout towards 1980 and 2000.
I'd place stop loss below the 50 SMA line (hourly)
If you want to learn more - goo.gl/4JWJeH
Yesterday's AB=CD setup - goo.gl/wmhs1C
1945-1950 is key support now and the hourly 200 SMA line is what currently keeps $SPX from breaking higher.
Towards GDP - Potential pullback towards 1945 or breakout towards 1980 and 2000.
I'd place stop loss below the 50 SMA line (hourly)
If you want to learn more - goo.gl/4JWJeH
Yesterday's AB=CD setup - goo.gl/wmhs1C