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Thick Resistance zone for the Bulls to overcome


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#1 dTraderB

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Posted 06 March 2018 - 06:54 AM

Market returns to try to overcome that very thick resistance zone, from SPX 2748 (50-ma) to the recent post-crash swing high at 2790. 

 

If it can't make a new post-crash high then down it goes again with major support 2690-2700 and the low on Friday 2647.

 

You never say never with this extremely resilient market, bubble or not, that reminds some of us who were around of the NASDAQ bubble, so new highs can be made. 

 

However, I don't see this happening during the next 3 months.