In my previous SPX
analysis, I was hoping to see it comes all the way back to 2641, but the 21 ema
is doing a good job as a support here. If S&P
goes up and close above the blue line region, then it will probably stop only at 3136, a sign of real strength here.
I was working with a scenario where the decisive point would be the orange line, but the 21 ema
already did the job (so far), so we must work with we've got.
It’s more and more unlikely that the trend will reverse, and odds are SPX
at 3136 again.