SPX continues to maintain its uptrend even if it looks to be slowing down at the moment. It has these areas of consolidation before moving a nice leg higher in this trend. The most likely outcome is a break of the ATH and target 4400, but a break of the trend would make 3800 the next logical stop.
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SPY Options Traders - spyoptionstraders.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.