S&P 500 weekly technical analysis for 21 to 25 march 2016
S&P 500 index this week closed with gain. This was fifth winning week for this index. In these 5 week period SPX future rallied from low of 1810 to high above 2050+. S&P 500 weekly chart trend is down but momentum is bullish. My given targets 1995 and 2054 both are achieved now time to correct. On downside 1995 is major support and correction up to that level is possible. If S&P 500sustain above 2055 then only strong continuation pattern will emerge. In that scenario rally will extend up to 2140!!