SP500 Is Going To Break Through This Resistance Soon!

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- Trading Guru

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Very interesting behaviour so far! Let's first look at what has happened so far:


Indeed, the resistance has been broken. But it is also nice to see that the large volatility happened exactly as predicted. These levels are important, for several reasons, but admittedly self-fulfilling prophecies included. Many people are watching these levels, since the price broke through many people got drawn to the charts again and volatility & volume increased.

I am happy to see that the prediction of volatility became true, but the more important question is whether we will get a fake-out or if also the trend prediction becomes true as well! Let's keep watching this one together. Let me know in the comments below if you have any TA available on what's about to happen next!