It appears that the SPX (cash) is in an a – Triangle b – c pattern that may lend itself to a pop to at least 1465, or possibly higher. This will give the SPX enough elevation to break through support, which is just beneath the Triangle formation (and the cause of the bottom trendline). I think that 1465.23 is resistance, but there may be an attempt to rise above it. No matter. The decline that follows will then have enough strength to “punch through.”

Good luck!

Regards,

Tony

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