I have little to add regarding the S&P 500 for the moment. I continue to believe we are winding up for a breakout, having completed a (now long) series of ones and twos, building energy for a big breakout to the upside. We have a local downtrend line (green just above us), more regional downtrend line (orange) and inverse H&S neckline (more horizontal green) that I would like to see breached.
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