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Did the 500 index peak the week of 2/19 because of the resistance line in the above chart?  I doubt it!  The 1987 high and the 2002/03 lows are two very key price points over the past three decades.  Keep a close eye on this line and the price action that takes place at (3)!

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past