The SPX broke through a couple of trendlines at 2405 last week. It currently sits just above those lines. The next area of resistance is indicated around 2422-35. Surpassing that would allow for a move to 2445-50, which would be the last line of defense for bears. There would be running room to 2550 above that.
To get anything going on the downside at all the market would need to close below 2395 next week.
Which is the better bet?
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