$SPX ( S&P500 ) as of November 16, 2020

Nov 17, 2020

SPX ( S&P500 ) as of November 16, 2020: SPX increased by 41.76 (1.16%) points.
SPX made a successful breakout from the range marked as a pink rectangle on the daily chart. Now it needs a higher high to continue the journey by way of making HH & HL.
As the index entered into the supply zone we may see some reaction at the all-time high level. However, a higher low(HL) will not jeopardise the current uptrend.
Happy Trading!