S&P 500 monthly still in uptrend but clear resistance above
Consolidating before next leg up or losing steam before a break down?
Bulls want to see a close above top blue horizontal line and 2135. Bears want to see a breakdown of the upward channel in green and 2000. Only 3 days left in month. Will reevaluate after close on Friday. High probability that we have no resolution until August or September. Long bias until price tells us something different.
Bulls want to see a close above top blue horizontal line and 2135. Bears want to see a breakdown of the upward channel in green and 2000. Only 3 days left in month. Will reevaluate after close on Friday. High probability that we have no resolution until August or September. Long bias until price tells us something different.