The SPX …
set up continues to follow the June/July pattern. We broke above the negative trend line and the index got slightly ahead of itself. Back in July we saw a flag form before the real squeeze kicked in. Let’s see how this develops from here, but given the poor big tech earnings, this market is actually trading well bid. 3750 is he first short term support to watch, and then the 3700 level. Resistance at 3850 and then the 3900 level.
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