bottoms and tops of circles …S&P 500 an update

05/17/2016 – the noise in the market right now is crazy – bull this, bear that, Trump this, Fed that and on and on …today’s sell off hit the top of a circle.  see how easy that makes it …? the below was posted 5 months ago looking at this area for a resistance zone.  there is a reason but perhaps it’s as simple as it was the top of a circle?  Probably not, but that’s what I think …

 

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