S&P FUTURE Sep18 : The moving average is supporting prices.
The trend is momentarily interrupted by a consolidation on a shorter time horizon but prices remain above the invalidation level at 2,894.50 pts. It can resume at anytime towards the target at 2,917.00 pts.Arguments :
- The resistance has been reached.
- The ADX is falling. The power of the trend is decreasing - a counter-trend move is forming.
- The moving average is supporting prices.
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