![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhkBr5N6ISTU2VkPSar45FvsSvMknWdPFkdRhsVlNLW0_h1r7N8YzUubgFiOgP-k2QuxCAqFkMncggnIWrKX4nxcutziQEuATZHqJsK0730um0mUQdpB7_Gga9SurDcKDrPB0grDJbKobFI/s320/bb-20-1.png)
7:37, The SPX is outside of the Bollinger bands, if it quickly reverses to recapture them, this morning move up could turn into a headfake.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhRh8DFZ-ax1gMYdXrmid-0NyKJblzuiffYGcBBu1f4uLfJHigS_G1hJofz52y8U8YF-l5k_TZBUgWGJPhmwSCMKnRwxPVQBc7Kwn5_XCnCq-aNKcAkunV7v5IgSYvu08CisxGcg1mkgvsg/s320/spx-20.png)
7:29, The SPX has broke above 1131.23, it will be very important for the bulls to hold this level into the close. The short-term trend continues up, and if the SPX closes above 1131.23, the longer-term trend will also revert back to bullish as the SPX made a major higher high today.
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