$SPX about to break out of falling price channel

SP:SPX   S&P 500 Index
478 1 1
That's it. Gets to 1394 on a closing basis and that would have to be seen as bullish going forward. There is still a lot of work to do to establish a new up trend but such a break out would be an important factor.
Agree. Weekly and Monthly chart still show it bullish with buyers sitting underneath this. Beginning of a Christmas rally
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