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Writer's picturejeremy cho

SPX 500 uptrend maintained by buyers on the dip

The short signal issued on 140521 at 4098 saw buyers on the dip returning the 4 hour charts back to uptrend positive on the close of trading last Friday.


The day pivot of 4267 must break above and test new highs to confirm the continuation of the shorter term uptrend.


LONG TERM UPTREND SINCE 011220

MEDIUM TERM UPTREND SINCE 010621

SHORT TERM DOWNTEND SINCE 140521


PIVOT 4267

Short positions below 4267 target 3889 and 3307

Long positions above 4237 target new all time highs




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