S&P Testing Important Level

SP:SPX   S&P 500 Index
Currently S&P500 index is trading close to important resistance level (the 2011 peak) after unsuccessful brake over that line. Historically markets experience rally (which we have already seen) after “Golden cross” appear on the chart, but it’s been followed by correction. If brake over 2011 peak turns to be unsuccessful than the time for that correction has come. The support is 50-day moving average.


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