In the 2000 crash, we had a clean breakout in the $SPX. It retested the support, bounced, then crashed straight through it.
In 2022/2023, we are seeing a similar event. We just broke through the year long resistance. We've retested it as support, and are now heading back down towards it.
In 2022/2023, we are seeing a similar event. We just broke through the year long resistance. We've retested it as support, and are now heading back down towards it.
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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.