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“ As long as the SPX trades within the channel in place since mid-November that I have displayed week after week, it is a win for the bulls, as the lower and upper boundary of this channel is rising on a daily basis, implying support and resistance levels move higher daily… even if the SPX breaks below its lower channel boundary, another area of formidable support lies between 4,050-4,100.
...read full article on Schaeffers Research
