SPX Update 17.03.2017
Updated
Following the last update, the S&P500 did in fact push higher, breaking above an ascending triangle, continuiing it's bullish rally. If the the shown channel is anything to go by along with the idea of reverting to the mean, we can almost assume that price is due for a retracement. Although price has begun to retrace somewhat, it may not be the end of it before the next significant rally. Therefore my current stance is neutral to midly bullish as a better long entry may present itself later.
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