S&P 500 Index – Support and Resistance Trend Lines On The Daily Chart

By | November 20, 2018

The nearby levels of support on the daily S&P 500 chart are becoming fewer and farther between. The futures indicate today’s open will take out the November low.

There is a bit of a support vacuum below that level until the 2640 October closing low.

Below that level is the October intraday low at 2603 and then the yearly closing low area of 2580.

We are getting about 100 S&P points ahead of ourselves, but this is what the index will have to contend with when it comes to support levels.

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