Short Term Technicals
The SPX and NDX are now testing their short term downtrends and the break of the wedge formations off the July lows. Upside breaks here will likely lead to new highs and even a new leg in the bull market. Failure to do so and then penetration of the bull trendlines from March (in green) will lead to a substantive correction.
Here are the hourly charts:
Here are the hourly charts:
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