robertwu

SPX500 fell back to the support level quickly, not a good sign

FX:SPX500   S&P 500 Index
2
A few hours after SPX500 broke out its resistance level, it fell back to the resistance again. That's not a good sign. Usually, we expect a rally after the break out but not fell back.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.