Two Must-See Charts About the S&P 500 and the British Pound

The video discusses technical analysis of the S&P 500 and OEX, focusing on chart patterns and resistance levels. It explores broadening patterns and their implications on market trends, considering the impact of Fed policies. The analysis extends to the Euro Pound, highlighting Brexit's potential effects on currency trends.

What is the pivotal resistance level mentioned for the S&P 500?

• 1350 to 1370

• 950 to 930

• 2200 to 2250

• 3060 to 3080

According to classical chart pattern analysis, what is the typical outcome of a broadening formation?

• Remains stable

• Breaks to the downside

• Breaks to the upside

• Forms a triangle

What impact has the Federal Reserve's accommodation had on broadening formation patterns?

• Increased downside breaks

• Increased upside breaks

• No impact

• Decreased volatility

What is the A = C level mentioned for the Euro-Pound exchange rate?

• 107.70

• 93.10

• 92.00

• 108.40

What is suggested as a potential cause for the Euro-Pound exchange rate movement?

• A stable economy

• A weak Pound

• A messy Brexit

• A strong Euro