S&P 500

Why is the S&P price holding/bouncing at the current level?

496
Because it is sitting on top of the trading channel that it defined since the turn of the 20th century. The only time that the S&P broke above this channel was the dot com bubble. That is a pretty ominous sign if you ask me. The good news is that the S&P is still inside the blue channel that started in 2009.

1D
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