SPX Weekly and Monthly

Don’t really see any red flags here on the weekly chart.  We are at resistance and some indicators are overbought but overall a positive chart.  The saying don’t fight the trend comes to mind.

Chart

Regarding the long term Monthly chart you can see looking back a long ways that we are at a significant resistance point…see the two horizontal blue lines going way back.  A break above this level will be quite bullish.

SPX Monthly

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