SPX 500 MAINTAINS TECHNICAL STRENGTH

The SPX 500 closes at 4234, a new all time high.

A great reminder and affirmation for buy and hold investors who use the longer term time frames like the week and monthly charts to place their stops and the dailies to make their entries.

Based on Fibonacci extensions, the new targets in the short term is 4291 and 4560 in the medium term.

LONG TERM UPTREND SINCE 011220

MEDIUM TERM UPTREND SINCE 010620

SHORT TERM UPTREND SINCE 010421

PIVOT 4098

Long positions above 4098 for 4291 and 4560

Short positions below 4098 for 3889 and 3480

https://youtu.be/I6vsg5sv1ro