SPX has successfully managed to break above a key resistance level around 4100-4150 and in doing so has crossed over the 300 day ema. It's likely that we will see a test of the 300 day ema and resistance as a support level in the short term, but overall, this is bullish in the long run, and signals that we are back into an uptrend.
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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.