SPX continues on the path we laid out for our new analog [see: The Game is Afoot.] We reached the lower end of our target range yesterday (Point A), breaking above the new channel mid-line.
We’re getting a back test of the broken channel mid-line here. SPX remains within the proposed rising channel — for now.
We remain long since 1405 on Oct 25. But, this is a good time to review the technical picture. I’ve also adjusted the analog somewhat, including the targets for this particular leg.
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