By Licia Leslie
December 13, 2024
Hi Shoppers,
The S&P 500 Index (Ticker: SPX) blew through my resistance at $6050 but has since come back down to retest it.
A very important charting rule: old resistance equals new support.
Which is where we are now.
Again, watch your five minute chart as we test Tuesday low of $6030.
Below there we will trade $6000 and very possibly $5944.
We may need to wait for the Fed news next week to hit that lower level.
On the upside, $6100 will be the resistance again.
Trade accordingly.
Thank You for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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