S&P 500 Index

MACD says a little higher for a little longer

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As per the individual stocks I cover that have not yet reached their ideal retracement areas I am looking for the SPX to get higher into my target box. In any event it's reasonable for me to say we're in a B wave and therefore our pattern can develop into something more complex. Nonetheless, I am mainly looking for MACD to reach the zero line at the very minimum.

The take-a-way from this update is I am looking slightly higher in the markets for slightly longer...before our minor C wave takes hold of the market.

Best to all.

Chris

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