Monday, December 2, 2019

SPX Update: Next Noted Resistance Reached

Well, the traditionally-bullish Thanksgiving week came through for bulls well enough, but SPX has now run to the next noted resistance zones -- at two time frames.

Long-term, SPX ran into the previously-noted blue line:

And near-term, SPX has run into the previously-noted red line:

So far, these zones have provided at least a brief rejection -- we'll see if bears can do more with it, and go form there.  Trade safe.

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