Update on the SPX following the break of its one year downtrend

We have recently taken out the one-year downtrend, it previous November peak and the 55-week ma on the SPX and this is looking a whole lot more interesting. The market is now contained in an up channel. In this video we have updated the new levels of resistance for the market.

We note the up-channel, located at 3900, it is now contained in and future levels of resistance.

The previous downtrend should now act as additional support at 3990.

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