S&P500 strong resistance on 50% retracement on 2018 channel
We have two bearish things coinciding:
1 - price is about to retest the 2018 channel support (pullback) which most likely will be rejected
2 - the channel support in (1) coincides with the 50% retracement level off S&P500 all time highs to the December swing low
1 - price is about to retest the 2018 channel support (pullback) which most likely will be rejected
2 - the channel support in (1) coincides with the 50% retracement level off S&P500 all time highs to the December swing low
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