S&P500 price touched Resistance zone (around 2900$) multiple times.
In the August 2018 we've seen the price reaching the Resistance and touching a trend line in December 2018. After we've seen a trendline retest, the price tested the Resistance in March 2019.
The price is currently 2800$ and it's out of the Resistance zone, moving in the direction of the trendline (2350$). Should it break this zone, bears will start gaining power.
In the August 2018 we've seen the price reaching the Resistance and touching a trend line in December 2018. After we've seen a trendline retest, the price tested the Resistance in March 2019.
The price is currently 2800$ and it's out of the Resistance zone, moving in the direction of the trendline (2350$). Should it break this zone, bears will start gaining power.