the daily chartist

S&P500 recap for 16.09.2015

published 5 years ago
S&P500 Daily

 S&P500 isn't giving up on its up move momentum and managed to get to 1998.3 from its opening at 1980. The futures dipped a bit for a low to 1972. Still the price needs to move above 2000 and beyond to close in on the Death Cross between MA 50 and MA 200. In the scenario of a FED rate hold up or some dovish news the index may brake trough these levels and continue to 2096 at first. The price found great support around 1949. What we see is that the stock market has no fear about a rate hike.