Here is an easy ta von from SPX.
The Fed pumped in money from heaven as you can see in uptrend from low 18 (support).
For a bullish scenario we have a price corridor between 2800 and 2730. If 2800 holds and Fed is pumping money in it could up through 2900/3000. Then air could be very thin there.
An important bullish support to watch is 2730/2720. Breaking down this support could means retesting lows from Dec 18 (2200/2000) or going down under through this. At this lvl fight between bulls and bears provides for volatility.
Last days we tested this support and went up 2800 again.
The Fed pumped in money from heaven as you can see in uptrend from low 18 (support).
For a bullish scenario we have a price corridor between 2800 and 2730. If 2800 holds and Fed is pumping money in it could up through 2900/3000. Then air could be very thin there.
An important bullish support to watch is 2730/2720. Breaking down this support could means retesting lows from Dec 18 (2200/2000) or going down under through this. At this lvl fight between bulls and bears provides for volatility.
Last days we tested this support and went up 2800 again.
As I said: If it holds on market could go up 2900/3000
If market is going down it can fall deep through 2200