SPX is above near-term support, but here again, bulls probably need to keep the rally going, just because the structure is going to start looking squirrely if SPX heads too much lower:
INDU remains above long-term support:
In conclusion, even though it's hard to draw high-confidence conclusions within a multi-month noise zone (like the one we're in), my instinct is that bulls probably can't afford to give too much more ground here, or things may turn in the bears' favor for at least a while. Trade safe.
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