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Today gave us a nice clear new resistance line I hadn't noticed before but that likely contributed to Price not being able to breakout.
Anything above blue is hard to hold, above yellow and blue even more challenging and then above yellow, blue and red we may not see again for awhile aside from a fleeting last gasp.
Here's the OG idea for reference:
![[SPX] Here's Why It's Struggling So Much Guys... It's So Simple!](/static/images/svg/idea-image-placeholder.svg)
Anything above blue is hard to hold, above yellow and blue even more challenging and then above yellow, blue and red we may not see again for awhile aside from a fleeting last gasp.
Here's the OG idea for reference:
![[SPX] Here's Why It's Struggling So Much Guys... It's So Simple!](https://s3.tradingview.com/c/CvlxXWpD_big.png)
Comments
We're piercing the channel & the 21 MA... let's see how it plays out... there were big reversals in the past weeks...