The S&P 500 is now comfortably sailing above $4000, which we anticipated to potentially act as
strong resistance. With price now above this level, we need to see what price will do next.
Will price continue to trend upwards, or will price come down and find support at $4000 then
move back up, or will price move back below this psychological round number?
One thing is for sure right now, and that is price is bullish across the board, which is reinforced
by the number of breakouts we are seeing on a weekly basis.
From the low of March 2020, price has moved up 85% and has more than recovered from the 35%
fall we experienced during the Covid pandemic peak in February and March 2020.
With markets looking stronger than ever, we must stay on top of the best-looking stocks which
we post in our weekly newsletter and in our free community.
The next level of resistance we need to be concerned about is $5000, which is quite some distance
away, so there is plenty of room to ride the trends.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
strong resistance. With price now above this level, we need to see what price will do next.
Will price continue to trend upwards, or will price come down and find support at $4000 then
move back up, or will price move back below this psychological round number?
One thing is for sure right now, and that is price is bullish across the board, which is reinforced
by the number of breakouts we are seeing on a weekly basis.
From the low of March 2020, price has moved up 85% and has more than recovered from the 35%
fall we experienced during the Covid pandemic peak in February and March 2020.
With markets looking stronger than ever, we must stay on top of the best-looking stocks which
we post in our weekly newsletter and in our free community.
The next level of resistance we need to be concerned about is $5000, which is quite some distance
away, so there is plenty of room to ride the trends.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
