SPX - Bullish Resolution
$S&P 500(.SPX)$ - Bullish Resolution: After a series of indecisive candles and bearish divergences, the price rallied. Key elements to watch ->
1) Bearish RSI divergence broken
2) Bearish Stochastic crossover invalidated
3) Price action completely above the Bollinger band
4) Previous Bollinger breach was followed by flat consolidation
5) The move above the Bollinger band can continue until the price reaches overbought levels.
Looks like the rally goes directly to the FOMC meeting.
Posted for subscribers on Saturday: Bullish mode as long as the price stays above $6,458. and the $Cboe Volatility Index(VIX)$ reversed at 15.3.
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