#S&P 500 ANALYSIS
S&P 500 remains in a strong long term ascending channel and is currently trading near the upper boundary of the channel. After reaching a fresh high, it is showing signs of a short term pullback from channel resistance.
A breakout above the channel resistance could trigger another leg higher, while a rejection would be a sign of a correction in it.
S&P 500 remains in a strong long term ascending channel and is currently trading near the upper boundary of the channel. After reaching a fresh high, it is showing signs of a short term pullback from channel resistance.
A breakout above the channel resistance could trigger another leg higher, while a rejection would be a sign of a correction in it.
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