Sunday, 15 November 2015

S&P 500 kissing goodbye to multiple long term trend channel resistance lines

Monthly chart shows S&P 500 all sessions kissing goodbye to resistance at the top of two trend channels, one 25 years old and the other 6.5 years.



Zoomed in monthly chart to better show those kiss goodbyes.



Daily chart, kissing goodbye to completely different channel resistance.



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