SP500 Closes Gap On Island Reversal Pattern (HUGE RESISTANCE ) | S&P 500 Technical Analysis 7-6-2020

In today's SP500 (S&P 500) Technical Analysis Stock Market Update. I map out support and resistance levels heading into tomorrow to forecast where the price action might head next for the stock market.

Today the gap was filled on the island reversal pattern and closed on just about the high of the day (very bullish). however it is sitting at a huge resistance area in the stock market. Will we see a pullback take place or will the market continue to push higher.

To me, it looks like the stock market wants to continue to move higher and higher. So at this point it seems like a buy the dip type of stock market.

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