- SP 500 has to face big resistance if it has to move above 1095.
- Between 1085 and 1095 the down trending line will act as the first resistance.
- If it breaks above that then there is the 38.2% retracement fib level of the fall from 1175.
- So crossing this band is not going to be easy. Already it is struggling to cross the 23.6% retracement level.
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