clance23

SP500 Testing Trend Line Resistance

FX:SPX500   S&P 500 index of US listed shares
S&P 500             is currently testing the previous Trend Line Support turned Trend Line Resistance, it's now becomes the middle ground battle between the Buyers versus the Seller. It would be interesting to see the market push higher to trigger sellers stop losses or the market push lower to resume the downtrend to trap new bulls.

Since this is coming to the end of the October, we might actually be safe from a potential Bear Market which usually happens around Sep/Oct. But it's still a dangerous area to buy stocks or long in the market at current record Highs.
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