Lingrid

US500 touches RESISTANCE and FALLS

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The price has been rising in an uptrend since December 2020. The main resistance line for this trend is the line formed in November 2020. In May, the price touched it at the point 4253.7, after which it collapsed and made a false breakdown of the support line 4121.3. The price has returned to this support line and now I expect it to rise first and touch the resistance line 4287.2. And then it will turn around and fall again to the support line 4174.9. This will be our goal.

Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩‍💻

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