S&P 500 Index
Short

SPX - Thou Shalt Not Pass

377
Just a quickie to show this long term resistance.

When seen from the 3M chart, the previous top was a gravestone doji fakeout.

Also consider that a trend trajectory is important for its stability.

Do we really expect that this next wave up can blast through trend resistance held since the very start of the bull run back in 2009?

Or will this prove to be another HTF fakeout...

Not advice.

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