S&P500 Two Scenarios A Head

Volatility has remained low the past two months. Even with the recent pullback after the Fed meeting, the index has managed to recover relatively quickly. Now we’re back up against a key resistance again. So far we’ve failed to break above this resistance level. This leads to the possibility of a pullback to test the bottom level of the trend. On the other hand, the price could be setting up for a bullish breakout.

Chart: Daily

S&P500 Two Scenrios A Head by EmpowerTrader on TradingView.com

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