Just wanted to quickly outline my thoughts of the SP at the moment.
Decreasing amounts of volume shows we are nearing the support level.
The chart below outlines reasons for a near term 10% breakout.
SP going to bounce of 0.618 fib retracement along with breaking out of triangle.
Should see short term 10% gain and mid-term could retest highs.
Just entered in position.
Charts - SPT, page-2658
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