The SP500 has rallied a bit during the trading session on Monday, as we continue to see a lot of volatility- forextrade forextrading
has several speakers this week that could come out and cause problems, so I suspect that it’s only a matter time before the Bears come back down. It will break down below the lows of the last couple of days, it’s likely that the market could go down to the 3600 level. That is a large, round, psychologically important figure.
The 50-Day EMA will offer a certain amount of interest, but really at this point if we can break above there is possible that we could go to the 3900 level, and then perhaps even the 4000 level where we have the 200-DayLooking at this chart, it’s likely that we will continue to see a lot of volatility, but that should be nothing new if you been playing the market anytime recently.
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