05/18/2015 Live Update

Post by **Cobra** » Mon May 18, 2015 9:05 am

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Consolidation below resistance (the previous high in our case) generally favors bulls.

fehro · Post by **fehro** » Mon May 18, 2015 9:08 am

Possible resistance here at Friday’s highs.. if not mind the upper channel as possible next resistance two right charts.. if resistance holds look for 20d/ Thursday’s AM gap / 50d middle bottom chart. VIX also near possible support, with VIX options expiring 19/20.. plus FOMC Meeting minutes Wed 2:00pm ET.