$SPX Tricky trading on Monday between 2914 and 2980 key 2965
Its very tricky to trade on coming sessions as market bounced on Thursday and Friday with lower volume which make signals not clear . the most projected scenario is that market will keep up-down between 2918 and 2980 with key point at 2965 . Technical pattern showing negative trend and still targeting 2820 at least . ofcourse headlines will play strong rule specially on next 2 weeks but the main is issue is Fed decisions .. what happened during recent fed sessions is that market keep up or hold till fed day then drop dramatically, which happened 3 times before and could be repeated for this time .. whats make this idea as bearish is broken RSI and Stochastic indicate further decline.. thanks for your reading wish you good luck ...
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