mgiuliani

S&P 500 INDEX (SPX)

Long
TVC:SPX   S&P 500 Index
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S&P has a channel resistance above 4400; nearby support rests at the 4187 50-day MA and 4155 May 24 gap. More significant medium-term support remains in the 4000-4100 area, which we think acts as a floor in the weeks ahead.