Technical View: S&P 500 trades up to downtrend resistance line, levels to watch (TheFlyOnTheWall) THE FLY 9:38 AM ET 11/16/2017 The S&P 500 (SPX) is trading up to the downtrend resistance line, the top of the short-term bearish price channel that began on November 8. To break this downtrend, price would need to close today above the 2580 level. To rejoin the prior intermediate-term uptrend would need a breakout above 2590. Support is at 2566.56.
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