The S&P 500 is currently trading near the upper boundary of its long-term price channel, both from the 1930s and the 2009 rally. This positioning raises the question: Is the S&P 500 vulnerable at its current level?
Trading near the upper channel often indicates potential resistance, suggesting that upward momentum may face challenges.
Trading near the upper channel often indicates potential resistance, suggesting that upward momentum may face challenges.
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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.
Disclaimer
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.