Lines on Charts: S&P Support Levels (SPY; SPX)

These are not the most powerful supports I've ever seen, there's still a lot of air under the market but this may be more useful than Fibonacci retracement levels.
From Alpha Global Investors:
SP 500 chart update, what you need to know 

(click to enlarge)

SP 500 chart, what you need to know ;

1) Weekly chart (focus on the long term picture)

2) LT picture STILL looks fine ; typical retracement after such a long rise

3) Focus on that key support and probable scenario (purple arrow).

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