Something to consider.....
SP, daily, bullish outlook
*The daily 10MA @ 1333 will of course be the next key MA to break...and then the old primary support level of 1340.
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The above is a very simple chart, but the point stands, secondary support held, and if what we had was an ABC move lower, then we're now going UP...to new highs. This is of course sheer heresy to those Permabears still holding short - many of whom are talking about an imminent one-day crash.
If the market does break out and above the down channel tomorrow/Wednesday, this outlook will become important to regularly refer to.
So, after 3 weeks of falling into the close...lets see if we can hold the gains..and maybe even close at the high of the day. That would make for one bonus bullish signal to conclude today.
More after the close.