(CercleFinance.com) – The S&P500 is close to its short-lived zenith on 09/12 (4,100) following a rise of +600 Pts from a low of 3,500 on October 13.
But the 17% resumed are not enough to recross the MM200 or to overcome the medium-term bearish oblique resistance which gravitates towards 4.080Pts.
Note a relative similarity (timing and amplitude) of the rally between 3.666 and 4.305 from 06/16 to 08/16.
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