Local uptrend

see dotted red line

There is a strong local uptrend that could take SPX up to 4600. There's no sign yet that this is over, but breaking the uptrend would at least mean we have entered a period of consolidation.

the short-term risk is still to the upside here. At 4600 though there will be fierce resistance

not financial advice
Support and ResistanceTrend AnalysisTrend Lines

Related publications

Disclaimer