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themarketzone

Lost momentum during the holidays. Start 2017 below MA line

Short
Indice S&P 500 (FX:SPX500)  
themarketzone  
FX:SPX500   Indice S&P 500
SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY) SNP snp500 DXY nfp
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spx spy snp snp500 dxy nfp
SPX lost momentum over the holiday trading week and it starts 2017 below the Fast daily MA line.
RSI momentum is bearish and 3 bearish Price Action patterns were triggered.

This week is Jobs week.
We may see pullback higher to re-test the MA line (as resistance) or even a double top.
First bearish opportunity in 2017

Focus Zone - 2250-2260
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