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SPX Weekly Close is UGLY

Direct from the desk of Dane Williams, This is not your average forex broker blog.




Last week we saw the SPX touch daily support.

It held up for a couple of days as the Fed pumped literally trillions of US Dollars into the system.

But Friday night's close looks mighty ugly on the daily chart.

SPX Daily: image.png

Goodbye support.

Things look even more ugly on the weekly chart.

SPX Weekly: image.png

Jesus.

What happens Monday morning is going to show where the markets are really at.

Best of probabilities to you,

Dane.




@forexbrokr | Hive Blog

Market Analyst and Forex Broker.

Twitter: @forexbrokr

www.forexbrokr.com


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SPX Weekly Close is UGLY was published on and last updated on 22 Mar 2020.