$SPX daily is testing this minor resistance. I need to see what happens with the NFP number. The 21 day cycle top is due on the 16th so it will be interesting to see what happens. The daily MACD is still crossed up so there is still a long bias at this time. I always say that technicals are only a guide. We use the if/then process. If we get a break higher then we look for a test of the all time high. If we get a rejection from this level then we look for a confirmation of a reversal.
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