Direct from the desk of Dane Williams.
If you've been following the LeoFinance blog, you'd know we've been watching a key SPX daily support/resistance zone.
For a refresher, take a look at the higher time frame chart in the following quote.
You can see that price is back to our daily zone on the updated chart below.
SPX Daily:
While we've been saying that the zone is somewhat subjective, you can see on the updated hourly chart that it's definitely still significant enough to be respected.
SPX Hourly:
That's a nice V-shaped bounce right off the level too, signaling the bulls most definitely have the upper hand here.
So, new all-time highs incoming?
Lol.
Best of probabilities to you,
Dane.
FOREX BROKR | Hive Blog
Higher time frame market analysis.
