After last weeks breakout from the long term trend line starting in 2015, Trumps comments on the Feds potential hikes & currency manipulation in China and the EU, have prevented any follow through and we're now trading back at the trend line.
the 61.8% retrace off the 2016-2018 decline & the 50% retrace off the larger 2015-2016 decline held up as strong resistance.
4 hour chart
the 61.8% retrace off the 2016-2018 decline & the 50% retrace off the larger 2015-2016 decline held up as strong resistance.
4 hour chart