S&P respecting the 2009 resistance trend line

6 בינו׳ 2022

Update to previous post. The light volume over the holidays allowed the S&P to surge above the channel, but with trading back in full action yesterday's sell off brought the S&P back into the 2009 channel. Looking back at previous price action in 2010, 2011, and 2014-2015 this could continue on for the rest of 2022. I still think the S&P will make it to at least 5000 ($500) before we see a sizable correction.

1D


4h