Wednesday, March 1, 2017

3/1/2017: sp500 trading levels for 3/2/2017

The sp500 5 minutes is following: 

  • support levels: 2395, 2390, 2386.5, 2380



Summary: key support levels for potential buyers. Remember the rule :  price below previous support, the support turns into resistance, vice versa. This huge gap up is real bullish price action no matter a short squeeze or a pure buy up. The following trading sessions go with consolidations are most probable, big down is still low probability event.

My personal opinion is not for investment purpose, but for education and illustration.   

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