S&P Approaching key resistance at 3120
the S&P struggled with this key resistance trend line for over 18 months before finally breaking it towards the end of last year. It should pose massive resistance. I would not be surprised if this is where the market turns back around.
I am still new to TA, can someone please confirm with me whether an upward resistance line like this is still significantly resistant once broken once?
Thanks!
I am still new to TA, can someone please confirm with me whether an upward resistance line like this is still significantly resistant once broken once?
Thanks!
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