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


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.
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