S&P500 futures bounced on a major trendline as expected
In a previous post, I explained that S&P500 was approaching a major cluster of supports (trendline + horizontal support area + fibonacci) and I was expecting some kind of upward reaction in that area.
Well, I wasn't disappointed since the S&P500 almost perfectly bounced on that trendline which sets the pace of the bull market since 2009.
Now the big question is whether this trendline will hold or not.
Well, I wasn't disappointed since the S&P500 almost perfectly bounced on that trendline which sets the pace of the bull market since 2009.
Now the big question is whether this trendline will hold or not.
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