SPX looks to have confirmed the support test. There is a long opportunity near the support level of 4541.25 for a potential break above the five-month resistance at 4607.07.
Here are the details:
The market has comfortably held above the 4541.25 level for more than a week.
Preferred Direction: Buy
Entry Level: 4554.73
Stop Level: 4498.97
Target Level: 4667.55
Technical Indicators: 20 EMA
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