Last week, the S&P500 broke out of the resistance and is on track to move towards the recent high at 4180 region.

If price reaches the recent high with no correction, momentum can be considered extended on the shorter time frame where short opportunity can be looked out for.

SPX (S&P 500 Index)S&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Trend Analysis

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