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Strategies & Market Trends : News Links and Chart Links

SPXL 219.24

+2.0%

Nov 26 4:00 PM EST

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From: Les H	4/2/2023 9:59:47 AM
	of 29600

The benchmark has moved beyond the confluence of major moving averages in the range of 3900 to 4000 and now finds itself into the horizontal range of resistance between 4100 and 4200 that has capped upside potential for months. Still, despite this barrier overhead, the benchmark remains in this intermediate rising trend of higher-highs and higher-lows stemming from the October lows given that price has managed to hold levels above the December lows. As has been highlighted, this has been sufficient keep the potential of strength that is normal for March and April alive, despite a fundamental backdrop that has been trying to convince us of an alternate direction. equityclock.com

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