500 Index is testing resistance on several time fronts below…
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The key resistance dating back to the 2007 highs and all the way back to the high in 1987 could have much to do with the 500 index running out of gas several times this year around current levels.
Would be a real positive should the 500 index get above these levels, yet investors should respect that resistance is resistance until broken, especially resistance from several time frames coming into play in one price area.
