BuboWaveTrader

potential bullish move spx

INDEX:SPX   S&P 500 Index
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If the SPX can break the 1850 resistance it has a good chance to go bullish with a Cup and Handle pattern above this level. But on the other hand, other metrics like stochastics on the daily show the market is overbought. If this Resistance level is not broken it will start doing an ascending triangle with multiple tops that eventually will break down. This is a critical level.
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