Psychological Resistance at 3000
Just recently S&P500 has broken our main resistance zone shown on technical analysis. I strongly believe we will see a huge bearish reversal, but I think at the moment we are to expect a little more bullish momentum, especially knowing we just broke out our 2940 resistance.
I can only say that the next highly anticipated resistance zone will be formed at the psychologic region of 3000. I believe that at 3000, we will be expecting sellers to begin their sell off, causing a huge long term bearish momentum to form.
I can only say that the next highly anticipated resistance zone will be formed at the psychologic region of 3000. I believe that at 3000, we will be expecting sellers to begin their sell off, causing a huge long term bearish momentum to form.
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