S&P 500 bouncing off 2009 resistance line

S&P at the top of it trading channel bouncing off of the resistance line. This line so far has provided a clear limit for the S&P, and you can see where it has done this several times before. So far it has always ended in a sizeable correction. If you look at the 2014 range, you can see that it effectively hit this line 5 times before a major correction. That means this could continue along for several months, with possible several opportunities to buy sizeable pullbacks and clearly places to take profit.

1W

1D

4h

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In case you are curious, still fighting with this line.