SPX Update: Through the Inflection

SPX continues to move higher and this remains a "trend is your friend 'til the end" type of market, which means the only thing to do is watch key support zones -- and as long as those hold, then we assume the trend remains up.

I know it's not terribly exciting, but that's the ballgame during such times.  Right now, the chart below shows the lines that would be the first warning for bulls (if SPX were to sustain trade below blue/black).

Next is the old, and now reasonably well established, blue channel:

Finally, it's been a month now since I mentioned that ~9000 can't be ruled out at this point -- obviously nothing's changed there:

In conclusion, SPX has pushed through the prior inflection zone, so as long as bulls can hold this, it remains the bulls' world until proven otherwise.  Trade safe.