SPX top slope offer any resistance?
With the feds "not QE" QE propelling markets to all time highs are there any levels that will put up resistance?
Being >10% above its 200DMA, like it was back in Jan 2018, price is reaching extremes
This pitchfork formation (mainly the median line) has been relatively good at offering up support/resistance, so will the top slope follow?
Above this level @~3350 you have 2 extensions, 1st one off the December 2018 -> June 2019 highs/lows, 2nd one off the August 2019->October 2019 lows
Being >10% above its 200DMA, like it was back in Jan 2018, price is reaching extremes
This pitchfork formation (mainly the median line) has been relatively good at offering up support/resistance, so will the top slope follow?
Above this level @~3350 you have 2 extensions, 1st one off the December 2018 -> June 2019 highs/lows, 2nd one off the August 2019->October 2019 lows
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