The S&P has been in nothing more than a range these last few weeks. Eventually it will have to break up or down.
MACD is putting pressure on the market so far which is still on a sell, however the bears just do not have alot of power to take the market down here.
When you see a chart like the one below, it is a reminder that we are in a BULL MARKET, meaning you see higher lows, and higher highs. For now the bull market remains in check.
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| spx update chart |
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