OakMarketTrends
Long

New year-to-date record high likely

FX:SPX500   S&P 500 index of US listed shares
99 0 1
Technically, the falling wedge pattern calls for a rebound towards 2111 (theoretical target). Regarding technical indicators, the MACD is posting a bullish divergence and is positive. The 50-hour simple moving average is turning up and acts as a support. The bull camp continues to have the edge.
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