Bearish Wedge and Round Trips
Round tripping should be avoided. It appears SPX is in a bearish formation. Key support levels are 1940, 1830 and 2013 channel breakout from a 13 year trading range which started in 2000. Confirmation could provide color on secular, cyclical bull or continuation of the secular bear/trading range from 2000.
Note
The clip below provides a view from a different time frame.
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