Technically, on a daily basis, prices stabilize in a broad lateral trend, a configuration that has been going on for more than 4 months. All moving averages confirm this graphical neutrality with flat orientations. The extremities of the corridor in which the S&P500 is flying are clearly identified. The 2840-point lower bollard was used as a support on several occasions and the resistance of the 3025 points did not allow the access index to other targets.
S&P 500 : Broad trend of indecision
By Patrick Rejaunier
Technically, on a daily basis, prices stabilize in a broad lateral trend, a configuration that has been going on for more than 4 months. All moving averages confirm this graphical neutrality with flat orientations. The extremities of the corridor in which the S&P500 is flying are clearly identified. The 2840-point lower bollard was used as a support on several occasions and the resistance of the 3025 points did not allow the access index to other targets.