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Add as a preferred source on Google S&P500 breaks minor trend line resistance, targets 1995 Major resistance - 1935 (trend line joining 2023 and 1972) The index has broken minor trend line resistance around 1935 and break above targets minor trend reversal, a jump till 1975/1995 is possible. On the downside maj…
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Major resistance - 1935 (trend line joining 2023 and 1972)
The index has broken minor trend line resistance around 1935 and break above targets minor trend reversal, a jump till 1975/1995 is possible.
On the downside major support is around 1900 (temporary bottom) and any further weakness only below that level.
Any break below targets 1880/1865 level.
It is good to buy at dips around 1920-25 with SL around 1900 for the TP of 1975/1995.
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