Another bullish day on the SPX as we closed up $43.69 at the $2656.85 level. We are now really close to making a higher high over the previous high of $2672.08. Breaking above this level will increase odds that we are in fact in the "D" wave higher.
We did tag the 20 day MA during intra-trading but closed slightly below this level. The bands continue to tighten. If we do break above the 20 day MA odds will increase that we are indeed in the "D" wave higher.
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