SP:SPX The 4 hour chart shows clearly how the 5048 level that was previously resistance has now turned support. The gap up was breaking that resistance in powerful momentum. Since then, this level has been tested twice as support. Weekly chart shows also this week has tested the low of previous week. Once we move above the previous weekly high, we will be off to a parabolic move to the upside.
SPX 5000 level cleared for SP:SPX by TraderBwater
SP:SPX The 4 hour chart shows clearly how the 5048 level that was previously resistance has now turned support. The gap up was breaking that resistance in powerful momentum. Since then, this level has been tested twice as support. Weekly chart shows also this week has tested the low of previous week. Once we move…
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