The S&P500 at Resistance, Pullback From Here?
The S&P500 at Resistance, Pullback From Here?
The S&P has stalled at the ascending wedge’s T/L resistance at 5770 and consolidating its recent gains. This might be the start of a pullback with 5656 being the 1st support area (previous ATH). We are not implying that the uptrend is over but in the short term a counter- trend move is likely.
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