S & P 500 was not able to break previous daily high of $2,972.4 at this time, which run was broken from resistance of 6765 1 hour sma April 29 & April 30 2020. Just rejected once again May 18 2020 with a lower high unless we rally to gain support, watch for possible retest for confirmation. S & P 500 interacted and this time broke below 1hr 6,765 SMA Feb 27 2020 and confirmed resistance with rejection March 06 2020 for the first time since we briefly wicked below and held as support Aug 5, 2019 @ $2,804 & confirmed support with retest Aug 23, 2019 @ $2,809.
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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.