1490 is the most important level for the spx to not close below for more than a day or two. If it does, then a 5 to 7%& has begun. MY gut is that is not going to happen, 1490 will hold. But the next run to a new high might be the top we have been waiting for.
Just my thoughts, would not trade on those, as I have been so wrong lately. but the charts support those numbers.
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