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MarthaStokesCMT-TechniTrader

SPX: Watching Strong Support from the 2020 Highs

S&P 500 Index (SP:SPX)  
MarthaStokesCMT-TechniTrader  
SP:SPX   S&P 500 Index
Support and Resistance Trend Lines Technical Indicators sp500index support weeklyanalysis Technical Analysis volumeindicator inflationfear
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supportandresistance trendline indicator sp500index support weeklyanalysis technicalanalysis volumeindicator inflationfear
Weekly charts are ideal for evaluating the retest of the lows of the stock market’s bottom attempt which reached a higher high in August. Volume on the weekly scale shows lower activity than in the prior weeks. The lows of June are still not yet reached; that is the level that is being retested currently. Support is strong at the 2020 yearly highs, which is also the neck of the bear market of 2020.

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Martha Stokes, CMT
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