"Friday saw SPX back-test its most recent breakout (the blue trend line on the chart below), where it found support before rallying back up to new all-time highs:"
"SPX is thus currently still holding above the intermediate trend line:"
"In conclusion, we could see a bit more hemming and hawing around the IT trend line, but unless bears can whipsaw this breakout, there's no material change from the prior updates. Trade safe."
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