S&P 500 - at Massive ResistanceS&P 500SP:SPXmarkrivest Point & Figure charts are a great tool to discover potential support/resistance areas. Point and figure charts focus on price movements and trends without time consideration, using X’s for rising prices and O’s for falling prices. The wider the row of X’s and O’s, the greater potential support/resistance. The recent S&P 500 (SPX) bottomed out in a row of five. Now the SPX is just below a row of eleven, this is potentially HUGE RESITANCE! A significant SPX peak could be made in one or two trading days.