SPN heading into FOMC
Noteworthy:
Overview:
Trend Continues:
Trend Assessment Wrong/Early:
Disclaimer
Not investment advice. Thinking out loud in a crowded room.
- Market on edge today waiting for FOMC meeting
- Energy leading sector in SP 500 YTD
Overview:
- SPN was on a weak bearish trend that is possibly ending
- SPN broke weak S/R, now up against convergence of long term trend S/R and price S/R
Trend Continues:
- Closes through both long term S/R and price level S/R
Trend Assessment Wrong/Early:
- Closes beneath either long term S/R or price level S/R
Disclaimer
Not investment advice. Thinking out loud in a crowded room.
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