Monday, February 11, 2019

SPX Update

Last update noted that we may finally have a near-term trend change, but that the market could rally back up for a second test of the broken channel.  On Friday, SPX managed to rally part of the way toward that goal, and overnight futures (ES - E-mini S&P futures) have since run up to within the ballpark of a channel retest.

Today could be make or break for the near-term bear count.  Other than that, not much to add.  Trade safe.

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