Monday’s price action formed an “inside” price bar on the daily chart of the cash S&P500 index. The critical level of 1396.02 has still not been breached by the bulls. This continues to be the “line in the sand” mark.
Can the bulls do it? The daily and weekly charts are technically strong and there is plenty of room available for the bulls to run to the upside in the current Y-pulse. Let’s see if they are in the mood.
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