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S&P 500 Stalls Below All-Time High, Forming Rectangle Pattern

Pelican Press

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S&P 500 Stalls Below All-Time High, Forming Rectangle Pattern

The has created a short rectangle just below the ATH. Support is the previous ATH at 5656 and resistance is at 5770.

A break in either direction dictates the next move for the index but given the prior trend a break to the upside is far more likely than the alternative. 5872 is the implied target in case of an upside break and 5575 in case of a break lower.data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///ywAAAAAAQABAAACAUwAOw==




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#Stalls #AllTime #High #Forming #Rectangle #Pattern

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