IndiaCharts

S&P 500

How the did the trendline of the highs and lows work? Fom 2009-2015 the narrow lines worked as support and resistance and everytime we got to the upper end prices sold off.

snp 050118

So yesterday night we touched the upper line of the 2016-2018 rise. I discussed this chart yesterday so I am showing a zoom in of the last 6 months so that you can see the recent two touch points at the bottom then the top yesterday night. Ideally I would expect the S&P to stop and reverse from here.

snp 050118a

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