S&P 500 breaking into novel high ground!
What a rally nosotros accept had over the final few weeks later on the S&P rebounded from cloud support, in addition to broke by cloud resistance amongst gusto. S&P 500 broke by quondam pregnant resistance high. Could debate that the index straightaway broken out of a multi calendar month consolidation base.
Critical straightaway for the inex to exam this resistance every bit a novel back upwards zone going into the twelvemonth halt rally. Watching the 2193 degree every bit a novel back upwards sone. S&P 500 index needs to follow through straightaway amongst this degree every bit novel back upwards zone. Downside adventure remains if back upwards fails at these levels!
I am watching closely to meet if the 2193/2175 volition last a consolidation back upwards make going into the twelvemonth end!
Happy trading, Regards Richard Muller.
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