My prior SPX post noted double Fibonacci resistance at 3154 to 3155. After that post the SPX had a short shallow decline and today has blasted above a very tight Fibonacci cluster.
It takes a strong force to break strong resistance/support and we are seeing this today.
This is additional evidence the main trend for US stocks is up and this trend could continue until at least April 2020.
Mark
It takes a strong force to break strong resistance/support and we are seeing this today.
This is additional evidence the main trend for US stocks is up and this trend could continue until at least April 2020.
Mark