$spx Mid Line should become support

Trend is up, price is stretched... as long as the Mid-Line in blue does not become resistance, we expect the decade long trend to continue up, towards the upper channel deviations around 6 and 8k.

the areas to watch are 3930/3850/3730

הערה:

could see a repeat of this high volume seller exhaustion towards 2.0 fib extension and below, ca 3500