Resistance lines which have been hit every crash show where the market may bounce off of in the future. If the main upward sloping trendline breaks and a major stock market crash happens then 3000 would be a major level of resistance and probably wont break; thats if it even gets that low in the first place.
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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.