Jan. 14 at 8:06 PM
$PG $XLP $SPY PG — After a significant decline since March ’25, price action from early December ’25 through early January ’26 has begun to stabilize, with downside momentum easing and relative strength starting to improve. From a longer‑term horizontal perspective, price is now approaching a key potential resistance zone near the 23.6% Fibonacci retracement of the full Nov 2024–Jan 2026 drawdown, as well as a downward‑sloping resistance line overhead. For longer‑term bulls, the constructive signals would be continued closes above this horizontal level, a push through the round “psychological”
$150 area, sustained momentum improvement, and ultimately a breakout and close above the developing falling‑wedge pattern to confirm a more durable bullish reversal.
