2023/7/21:
Yesterday, both the NASDAQ Composite Index and the S&P 500 experienced significant declines. The reason behind this was that both indices encountered the 450% resistance levels, leading to the downward movement.
昨天纳斯达克指数和标准普尔500大跌，为什么呢？因为它俩都面临着450阻力位。
1.
On Monday of this week, we discussed the possibility of the NASDAQ Composite Index and the S&P 500 facing false breakouts.
本周一我们讨论过：纳斯达克指数和标准普尔500可能面临假突破。
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2.
However, the NASDAQ
and the S&P 500 still managed to rise to the 450% resistance levels before experiencing a decline.
不过，纳斯达克和标准普尔还是升到了450%阻力位才下跌。
纳斯达克：
3.
The S&P 500 is facing a dual pressure of resistance from its previous high points and the 450% resistance level.
Below chart:
→The green line in the chart represents the 450% resistance level, which aligns closely with the previous high point on 29/03/2022, creating a dual pressure situation.
→The pink line represents the 500% resistance level, which is also in line with the head and shoulders formation of the historical high point.
→Since attempting to reach the historical high at 500% resistance level seems to require considerable effort, it might be wiser to retreat and experience a decline at the 450% resistance level first.
标准普尔500面临前期高点压力和450%阻力位的双重压力。
下图绿线表示450%阻力位与前期高点2022/3/29基本持平，形成双重压力。
粉色线表示500%阻力位也与历史高点头肩顶的肩顶持平。
既然500%要冲刺历史高位太费力，不如在450%阻力位先跌为敬。
4.
The NASDAQ Composite Index is about to face a double-top pressure at its historical high point.
→ The pink line in the chart represents the 500% resistance level for the NASDAQ, which essentially aligns with the double-top pressure from the historical highest points on 22/11/2021, and 28/12/2021. In other words, since there are thriple pressure to overcome in reaching the 500% resistance level, it might be wiser to stop the ascent at the 450% resistance level.
