Looking at the monthly chart of S&P 500, there are 4 signs indicating significant resistance / trouble for S&P 500
1. March closes right at the peak of the 10-year long trend line.
2. S&P 500 is also touching the peak of the up channel top. Experience tells me that this often is a significant barrier for further up movement. Some extremely good news will be...
Long: Major channel (green) breakout on daily and weekly chart. However, price now touches ceiling of new faster channel (yellow). will likely to test major channel top again at 4.58 -4.60 next week. If holds, then buy. Moving averages in perfect alignment an indication of strong long-term trend.
Short: Watch price actions closely next week to verify whether the...
