Is the S&P 500 Rolling Over? Check Out Today’s Technical Analysis

0
74

The S&P 500 has climbed for seven straight months. But it may face some near-term challenges as September gets underway.

The main pattern on today’s chart is the resistance line running along the highs since mid-April. Notice how prices have stalled once again at this area.

Next, consider the type of candles at the top of the range: August 31 and September 1 closed well below …

For more, please click here to view the related idea and chart analysis on TradingView.

S&P 500, daily chart with selected patterns, courtesy of TradingView.
Advertisement #1 Trading Platform Technology - 8  years running!