SPX500 LONG

the RSI calls for a new upleg. Prices broke above a symmetrical triangle pattern on strong upside momentum. The RSI broke above the 59 level indicating a resumption of the up trend. The bullish hammer reversal candlestick low at 2595 on May 3rd acts as support. look for 2745 and 2795 (March high) as targets on the upside.
SPX (S&P 500 Index)S&P 500 (SPX500)spx500longTrend Analysis

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