Hi Guys,
The SP 500, has just now reached a strong possible resistance zone.
Much like its counterpart Nasdaq, The SPP 500 is currently at the 1.618 retrace of the bear market hi to low.
The blue line in the box is that level and is also retrace levels of just about all the pullbacks during this remarkable uptrend, suggesting that that line will bbe very strong resistance.
RSI is heavily overbought yet no divergence
Safe trading all
The SP 500, has just now reached a strong possible resistance zone.
Much like its counterpart Nasdaq, The SPP 500 is currently at the 1.618 retrace of the bear market hi to low.
The blue line in the box is that level and is also retrace levels of just about all the pullbacks during this remarkable uptrend, suggesting that that line will bbe very strong resistance.
RSI is heavily overbought yet no divergence
Safe trading all
Note
Market open was awful, just another example of the big players doing as they wish, knowing plenty of stops at that point so just smash through take them all and then continue.
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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.