Monday, September 9, 2019

SPX Update

Last update noted that "I'd prefer to see at least one more high beyond 2885" and SPX may be poised to deliver that new high right at the open.

Bigger picture, SPX is attempting to challenge intermediate resistance:

In conclusion, there's not much to add at this juncture.  As always, since the near-term trend is up, the first step for bears will be to generate an impulsive decline.  Trade safe.

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