R1 bear up to the challenge from bull?

SP:SPX   S&P 500 Index
313 0 4
Using just channel (from June 2013) and pivot point for weekly SPX             , i see that price is trying to challenge R1 again - 1989.80
We had a false break up few weeks ago. Price closed below the channel for a weekly candle but manage to crawl it back to the channel. This raise a question on the strength of the uptrend.

For the next few weekly bar, we would be able to find out whether R1 resistance holds up well.

In case the bull breaks R1 & 2000, there is a possibility of charging to channel top of 2131.25!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out