3 min readS&P 500 (SDX):
The S&P 500 continues to reach new all-time highs (ATHs), driven by the release of increasingly positive economic data from the U.S.
A closer analysis of the technicals clearly shows that price action has been holding and respecting these previous resistance areas, which have now turned into support. If we observe slight downside movements, I will be closely monitoring how price action interacts with the former resistance zone identified around the $6,000.00 level.
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