SPX daily chart review

Every technical player sees this V bottom with the inverse head and shoulder set up. We broke through resistance last week. We are right at the band high, but are not overbought using the RSI. There is a short term target to 2842.61 which active traders can use to take profits are for aggressive traders to take a counter trend short. A break of 2722 would indicate a top while there will be buyers around the 2785 area prior.

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