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S&P 500 Index

S&P500 Tests Near Key Resistance Line of 2500

By shatzakis
Updated
S&P 500 testing under key resistance line of 5000 today where multiple medium and short-term trend lines converge (see chart). A break above 2500 would be very bullish, whereas, a failure to push above this resistance level could cause a pullback with support near 2453 by mid-september before reattempting 2500 in early October.

$SPY$SPX
Note
Correction: Reference to "5000" was a typo, should be "2500"
S&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Trend Analysis
shatzakis
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