Nothing has changed. Yesterday was the 2nd attempt at breaking out and closing above the June high. This breakout must occur if the SPX wants to get out of it’s neutral 50 pt range. Looking at the 5-day chart, the SPX is still in a sustained ST uptrend. A close-and-break below the lower channel’s segment will be an early warning again a ‘top’. Otherwise, the market is still trucking along.
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