Not sure if this is the right thread to post TA on but I'll give it a try. Don't judge me.
So @Kluck, this is what I was talking about.
For a few months the Bollie median line acted as resistance to the SP. Now that it has broken over it, that median line now acts as support. So SP remains bullish while above that level.
What's also good is that the SP spiked and now has come back to test that support for strength. Let's see how it holds up, it would be extremely bullish if the SP bounced up from here.
This is very basic TA but remarkably accurate.
Hope that makes sense.
Cheers.
Not sure if this is the right thread to post TA on but I'll give...
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