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S&P 500 Index
Long

SPX bullish short term (followed by a correction)

By NQunlocked
Expecting SPX to move up from here since the 5 EMA crossed above the upper limit of the latest downwards channel. Target is the upper limit of the red channel (above the 80 EMA). Hereafter expecting price to correct again to the downside after the 5 EMA breaks out of the red channel.

A close back below the last green channel invalidates this idea.
Moving Averagessp500analysissp500indexspindexS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Trend Lines
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