Think before you act, page-11

Yes Kates... I understand chart resistance... normally logical.... normally in the absence of news... certainly in this case not during an event such as the AACR (and the expectations we have all formed)
By the way, where does chart resistance stand when the SP is about to breach historical highs and a massively influential announcement hits the market?
Does the market then IGNORE the announcement and surrender to "chart resistance.... or does the SP blast straight past the "resistance' and attain a new high (which then sets the new "resistance level")