SPX is gapping higher from the support

SPX gaps up from 3920 

 

SPX bounced off the strong support 3920. This is the broadening wedge support level and is also gapping up from 3980 for a continuation higher to key upside resistance 4150. A confirmed break above 4150 could completely invalidate the downside.

Note: look for the long trades with a stop loss below 3950

 

 

 

 

“If you think Investing is risky, wait till you receive a bill for not Investing!” Jim Rohn

 

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