TaherJalili

Long-term Resistance Looks Crucial

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CAPITALCOM:US500   US 500
Price has made an extended move higher in this market and is now testing the crucial daily resistance level.

The last time this level was tested was at the start of the year trying to make new highs before the markets went crazy.

It is pretty incredible to think we are already back at this major resistance, but it looks to hold the key for the next major move. A breakout higher and the bulls would be in full control.
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