omvats1

SPX at an Important resistance level

omvats1 Mis à jour   
SP:SPX   L'indice S&P 500
After consolidating for almost 1.5 months, the price (index) broke out and hit two important resistance levels (horizontal and curve). The price still has some support level, so there is a possibility of a squeeze or dumping. The price might try to test the above horizontal resistance (very less possibility), but it is very sure that the price/index is preparing for a big movement (triangle pattern breakout) within a few months.
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price reached the month high 1 level and also the 3M price line, light blue line showing weekly price lines/zones, white month and dark blue 3M
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Purple 6M
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possible day ranges , green zones
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opened above the curve , touched both day ranges
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EOD
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May 20
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price almost followed the monthly levels ( white lines/zones)
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