Bearish - If the trend does not hold, the next levels of support 3720/3640/3550 after that its a free fall to 3225
Bullish - If the trend holds with the new stimulus, S&P might break 4000, if the trend continues to the upper channel which is high unlikely S&P might aim for 4300.
spot on imo, may break either way, just watch and run with trend when it declares itself imo
MoneyMakerTrade
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Great work !
krisjans
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Nearly bounced at the trend line support 3720. Going into tomorrow, the FOMC outcome we decide if the uptrend continues or it will take a reverse course. A trend change should be temporary as we haven't seen the impact of stimulus money on the stock market yet. Good luck!