The Next Big Level On My Watchlist…
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Markets reversed higher on Thursday with a large amount of follow through Friday in a positive sign for anyone long the market right here. This coming week will be all about how long can the market push in this direction before a pullback occurs.
The S&P looks to be in a the midst of a well-defined upward channel that has bounced just under the lower trendline. This points to SPX making a run back to 4100, which if cleared likely means new bear market recovery highs.
Be sure to watch the video below for the full market outlook.
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I look forward to trading with you, but until then, as always…
