The next chart expresses my overall thoughts:
Finally, a reminder of the red trend line beneath the market:
In conclusion, SPX has tagged horizontal resistance, which is where Blue 2 lives or dies. The second chart expresses my overall thoughts in more detail. Essentially, while I'm open to either outcome here, as I said last update, at this point, Red 2 would be more common to see as a resolution, given what came before. Trade safe.
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