SP500 Daily 
The AB=CD (Purple) capped the SP500′s run higher but the bulls still remain in control of this market, the level to pay close attention to now is the 1:1 (Yellow) and 50 fibo that coincide at 1895.00. If this level can attract the attention of the bulls look for stops to be tested above the AB=CD (Purple), however a break below this level will see a further correction take place with the next major support coming in at 1870.00. The post SP500: Important support ahead for the bulls appeared first on www.forextell.com.