Persistent Rally Continues – Part Two

On 03/28/22 the S&P 500 (SPX) moved above the Fibonacci .618 retrace level of the January to February decline.  Today 03/29/22 the SPX moved above important chart resistance.

The daily SPX chart courtesy of Trading View illustrates the action.

The door is open for an SPX assault on the all-time  high at 4818.62.  

Published by Mark Rivest

Independent investment advisor, trader, and writer. Articles have appeared on Technical Analysis of Stocks and Commodities , Traders.com Advantage, Futuresmag.com, and Finance Magnates.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: