SP500 0.58% 2,958.8 standard & poor's 500

So the levels come from previous resistance or support, some of...

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    So the levels come from previous resistance or support, some of them I just use for entry and exit points and they don't hold too much weight, the main support and resistance level which interests me going into this week is drawn out in the chart below. (The previous support on the way down turns into new resistance on the way up)

    https://hotcopper.com.au/data/attachments/2119/2119233-074d6e20befe17a7f4cf9463d52bdac2.jpg

    I am looking for a clear break in either direction, and with this week being earnings week I think we will definitely get to see which way the tide turns.
    Either way I am mostly in cash waiting to trade either direction.
 
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