SPX Working under the local resistance level
Buyers are pushing the price to the level of local resistance at $ 3385. When the price closes above, there will be a breakout or false breakout of the resistance level at $ 3394, and after that an increase to $ 3420 is possible.
If the reaction is weak and the price goes below the local resistance level of $ 3385, then the price may drop to the support trend lines (near support) and then the price will bounce again.
As you can see, many are accumulating positions, which indicates the next sharp impulse.
If the reaction is weak and the price goes below the local resistance level of $ 3385, then the price may drop to the support trend lines (near support) and then the price will bounce again.
As you can see, many are accumulating positions, which indicates the next sharp impulse.
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