Lost momentum during the holidays. Start 2017 below MA line
SPX lost momentum over the holiday trading week and it starts 2017 below the Fast daily MA line.
RSI momentum is bearish and 3 bearish Price Action patterns were triggered.
This week is Jobs week.
We may see pullback higher to re-test the MA line (as resistance) or even a double top.
First bearish opportunity in 2017
Focus Zone - 2250-2260
RSI momentum is bearish and 3 bearish Price Action patterns were triggered.
This week is Jobs week.
We may see pullback higher to re-test the MA line (as resistance) or even a double top.
First bearish opportunity in 2017
Focus Zone - 2250-2260