quantcap
Long

S&P 500 monthly still in uptrend but clear resistance above

FX:SPX500   S&P 500 index of US listed shares
spx
Consolidating before next leg up or losing steam before a break down?

Bulls want to see a close above top blue horizontal line and 2135. Bears want to see a breakdown of the upward channel in green and 2000. Only 3 days left in month. Will reevaluate after close on Friday. High probability that we have no resolution until August or September. Long bias until price tells us something different.
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