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Short

S&P 500 faces resistance around 2030, good to sell on rallies

FX:SPX500   S&P 500 index of US listed shares
338 1 5
Major Resistance -2030

The index has jumped till 2025 yesterday after making a low of 1987             . It is currently trading around 2003             .

Short term trend is still weak as long as resistance 2030 holds. Any break above 2030 will take the pair to new level 2050/2060.

Major trend reversal only if it closes above 2060 level.

On the lower side any break below 1985 (trend line joining 2003             and 1993) and break below targets 1965/1942.

It is good to sell on rallies around 2005-2010 with
spx wave c of 4 praimry on the way to 1800 ?
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