SPX (ES) Top-Test Status

Unfortunately for we humans with our firing synapses and hence gnat-like long-term attention spans, this pig moves at its own pace, which is slow. Until the drama of a big spike or big decline focuses said synapses on an event.

So as we slog through the SPX (ES shown here) top-test we note the resistance at the September high, the support at 2815-2825 and a bunch of short-term trend lines within the multi-tine fork. We also note that the bottom of the fork, lateral support and the SMA 50 all reside in the same area. RSI and MACD are uninspiring at best (rolling over at worst). Click the chart for the full view.


Subscribe to NFTRH Premium (monthly at USD $33.50 or a 14% discounted yearly at USD $345.00) for an in-depth weekly market report, interim market updates and NFTRH+ chart and trade setup ideas.

You can also keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar and get even more by joining our free eLetter. Follow via Twitter @BiiwiiNFTRH, StockTwits or RSS.