S&P 500 Testing the YTD Resistance

10. Juli 2018

The index look like it's testing the YTD resistance but the volume (9-day MA) is turning down, which might be a signal that the resistance might hold. Though the index is in a upward trend and the MACD is making new highs so there's hope that the resistance might be broken. With amount of noise in the market, the trade wars, the Brexit, and everything that's happening at the south of the border there's might be some volatility in the midst of the near future which might be hope for more volume to increase the momentum through the resistance.