S&P 500: Channel Trading

SP:SPX   S&P 500 Index
489 0 2
First resistance line touched, Now we have 3 AB=CD drives still looking to complete. Two on the weekly, and a big one on the monthly chart.

They all point to the same price quote, we should have SPX             rally up to a range between , depending on how fast it gets there.

Follow the index price through the channel lines on the white AB-CD             .
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