The S&P 500 has remained above rising support line (1) for nearly 5 years . The decline in stock prices this month took the S&P below this support line and below its 100MA for the first time in years. 

The rally in prices over the past week now has the S&P kissing the underside of this old support line and its 100MA, at the same time right now. 

Bulls might be a little scared that this dual kiss of resistance could end up being a high in prices.

When is comes to importance, this is “Munster Sized” to see whether the bulls or bears win at this key price point! 

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