Today gave us a nice clear new resistance line I hadn't noticed before but that likely contributed to Price not being able to breakout.
Anything above blue is hard to hold, above yellow and blue even more challenging and then above yellow, blue and red we may not see again for awhile aside from a fleeting last gasp.
Here's the OG idea for reference:
![[SPX] Here's Why It's Struggling So Much Guys... It's So Simple!](https://s3.tradingview.com/c/CvlxXWpD_mid.png)
Anything above blue is hard to hold, above yellow and blue even more challenging and then above yellow, blue and red we may not see again for awhile aside from a fleeting last gasp.
Here's the OG idea for reference:
Data analyst with a passion for best fit lines B)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Data analyst with a passion for best fit lines B)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.