S&P500 near record highs, chipping away at trend line resistance

S&P 500 IndexTVC

Description

⋅ Nov 21, 2016 2:51 PM

The index clocked a high of 2193.4, which is just short of the record high of 2193.8.

Rising trend line drawn from Feb low and March low is seen halting the rise. Rejection at trend line followed by a break below 2160 would signal correction

S&P 500 (SPX500)SPX (S&P 500 Index)Indices trading Equity

Comments

stantrader

⋅ Nov 21, 2016 10:30 PM

I believe that the break of the 8 month trend line to 2085 is very important.