S&P 500 bouncing off 2009 resistance line

8 בדצמ׳ 2021

S&P at the top of it trading channel bouncing off of the resistance line. This line so far has provided a clear limit for the S&P, and you can see where it has done this several times before. So far it has always ended in a sizeable correction. If you look at the 2014 range, you can see that it effectively hit this line 5 times before a major correction. That means this could continue along for several months, with possible several opportunities to buy sizeable pullbacks and clearly places to take profit.

1W



1D



4h

10 בדצמ׳ 2021

הערה

In case you are curious, still fighting with this line.