SPX at resistance where last breakout reversed and came back down to retest the trend line. Trendline held and SPX rose back and is now near the resistance level. Notice the lower volume over the past few trading periods as the price has neared resistance.
Do you think it will break above resistance or fall back for a second retest? Haven't checked the Put/Call ratios yet on SPY but that would probs give an indication of where the smart money is going.
Do you think it will break above resistance or fall back for a second retest? Haven't checked the Put/Call ratios yet on SPY but that would probs give an indication of where the smart money is going.