FX:SPX500   S&P 500 index of US listed shares
135 2 11
back to basic support and resistance ...the dotted lines represent prior resistance and if and when price comes back it should make for some good support, at least for a little while.
in my original post i used the phrase support and resistance. Truth is i just tossed that out there. I do believe in support and resistance but i believe more so in its underlying cause. Which to me is demand and supply respectively.
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Hey looks like I got lucky and got one right, I forgot about this post.
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