S&P500: Blasted past cloud chart resistance! So far so good!
S&P500 had quite a rally past few days as it blasted past top end cloud chart resistance , and blasted right past the 3500 resistance zone! Price action above the cloud on 4H basis and that is bullish! Consolidation risk back down to 3500/3449 support zones! These are the Q4 support levels. A snap bnack swing trade can offer secondary entry points in the year end rally.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.