The SPX Daily projected low has been exceeded today. That is normally a good indicator in a Bull market that the higher time frame (Weekly) will likely be going into a Phase 1.
The Daily LTL is now below the Weekly UTL and the Daily UTL now has a gap of 18.43 between the Daily UTL (1644.23) and the Weekly UTL (1625.8), the Daily UTL could drop another 12 points by the open on Monday.
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