Index at key resistance region. WHATS NEXT?


In our previous post, we mentioned that the index is overextended and indeed the index trades in consolidation last week.

The S&P500 trades in flat as it break out of the ascending trend line, invalidating short term bullish momentum.

Short term support level at 3915 region and a breakout of this support can indicate more downside towards 3752 region.
sp500indexSPX (S&P 500 Index)S&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Support and ResistanceTrend Lines

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