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- S&P 500 Can Rally Here, But Will Face New Resistance Levels Now
S&P 500 Can Rally Here, But Will Face New Resistance Levels Now
Michael Swanson
March 17, 2025
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After what is almost a month now of heavy selling, what is now an oversold S&P 500 should rally now, but any rally will face what is new price resistance.
The market is basically the same position it was last Monday - it rallied the Friday before from an oversold point and was due to bounce.
If a rally happens there is going to be resistance.
Take a look at the S&P 500 chart and the levels I’ve highlighted in it.