SPX Technical Analysis

SPX at Bottom of Uptrending Channel

The SPX is on support that has turned the SPX upward 4-5 times in the 1.5 months. It's impossible to know which test of S1 will fail. But considering we've missed out on much of this move we're going to bet that the support will hold this time.

Our plan right now is to buy SPX related funds today as long as the SPX is above 1512 at our fund cutoff time.