- Daily line chart shows price retracing towards the breakout level.
- If price does not close below 5140 - 5160 during this correction we may see an up move happening.
- If price starts to move up then weekly chart shows important resistance at 5370 levels. Weekly chart has shown this level acting as support many times so this might act as resistance. So bulls need to break above this level on closing basis for a bigger move to happen.
- S&P 500 ANALYSIS AFTER CLOSING BELL
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