S&P 500 Index end of week S/R

The Weekly’s S/R (Support and resistance Price Levels) closed down, this week., under last Month’s high and last Week’s high. An indication of trend weakness. The next level is $2,743. So, trendfollowing investors are looking at their risk and stops. The next level on the Weekly’s  is $2,743. These two S&P 500 Index charts show the two  Reversals levels.

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S&P 500 Index Weekly
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S&P 500 Index Weekly

Author: Trendanomics

Trend following the markets with simple trend following strategies.