No material change since last update, and the long-term uptrend continues. The traditionally-bullish Thanksgiving week has come through for bulls so far.
We'll take a look at SPX across three time frames. First, the near-term... SPX has continued to honor the blue trend line chart for the past few weeks, and has now bounced from the lower line to the upper:
Intermediate-term, SPX has now made it above rising resistance -- it may want to back-test that zone at some point:
Long-term, still between next support/resistance:
In conclusion, no material change to the past few weeks, and we maintain our intermediate bullish outlook until proven otherwise. Incidentally, Happy Thanksgiving to everyone! Please remember to take a moment to thank your friends and family for all they do -- because when it's all said and done, money can never be more than a "means to an end," not the end in itself. Trade safe.
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