SP500 CHANNEL TOP RESISTANCE - BREAKOUT OR BEARISH CONTINUATION

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Indeks S&P 500 (OANDA:SPX500USD)

OANDA:SPX500USD Indeks S&P 500

SP500 IS AT A MAJOR CHANNEL TOP RESISTANCE. Anything goes from here - a breakout should be bought for further bullish recovery and consequently if we have a rejection and start selling off from the channel resistance we should hop on those shorts. For the next few sessions it seems that the bullish recovery scenario is more probable.

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