SPX (S&P 500) Intermediate-Term Trend Indicator

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SPX (S&P 500) Intermediate-Term Trend Indicator.

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On the flip side, support is the price at which the stock can be expected to rise in value again. As might be expected, hundreds of repeated patterns of stock movements have been noted and formalized over time. These are at the heart of the art and science of technical analysis and some are based on the basics of price resistance' and price 'support.' Resistance refers to the highest level a stock price can be expected to meet before it falls again.