The bears had multiple chances to drive SPX
down, but failed. As I write SPX
3194.6 is barely touching the lower channel from October low where I longed when Dow reached 200 MA, SPX
2924. Reason to go long is Fed pumping with rate cuts and the big one is Fed Repo since September at huge levels. Either it breaks down from here, but reasons I stated more likely break up back into channel.