S&P 500 IndexShort
Key resistance at 2000
Technically, the S&P500 Index is gaining upward momentum after breaching its February's tops. However, the Index is about to face a resistance at 2000 which corresponds to the 61.8% Fibonacci retracement level, 100d moving average and December market bottom. In addition, a rising wedge pattern has developed which has usually bearish implications.
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