Mihai_Iacob

SP500 broke back above resistance

Long
SP:SPX   S&P 500 Index
In my previous SP500 analysis I wrote that, although the price is in a strong confluence resistance zone, I would not sell that resistance, instead is better to buy dips.
After a very small correction, yesterday, the price managed to break back above resistance, confirming my suspicions of strong bulls in the market.
At this moment all are in favor for up continuation and, as long as Friday's low is intact, we could expect a new test of 4600.

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