Last update said:
[T]he first resistance line is black, so bulls will need to sustain trade above that to prove their mettle. Conversely, bears will need to sustain trade beneath the falling blue trend line to prove theirs.
SPX then rallied up to black and got rejected, so bulls haven't proven their case yet:
The chart pretty well explains the situation, so probably no need to rehash that here. Trade safe.

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