On April 26th the SPX broke topside of resistance and shot straight up to 1,370 bring it back to the ’08 Summer (June) levels right before the onset of the Q3 Financial Disastrous collapse. With the current non-camaraderie of its tech biased sister the SPX has only been able to build a consolatory channel at best; where she lay since. Some are calling it “The Summer Doldrums” and some say it’s the beginning of the end of the latest cyclical bull run – (27-months and counting) since the ’09 bottom.
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