Recent resistance and support in the S&P 500

The S&P dropped on July 31st, August 11 and August 18 after previous up bars pushed the price to a high level during this sideways movement that has continued since February. Support pushed the price back up when it fell through the bullish trend line on August 7, August 12 and August 17. Even though resistance has prevented bigger gains, the bigger point is that the bullish trend line is still working.

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