SPX500 Analysis dated 16 Apr 16

SPX500 Daily Chart
SPX500 Daily Chart

Comments: Referring to SPX 500 analysis dated 10 Apr. point (1) near price 2020 was not taken out, potential Head & Shoulder formation did not happened. For this week, price move up entering next supply zone. Price and volume did not move in tandem. Watch out for candlestick reversal pattern for short entry with CFD or ES. For options entry, I think selling a call spread for 2090 to 2120 maybe viable depending on the premium offered (the ROI).

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