The S&P closed right under major resistance on friday. This leaves the door open for 1 of multiple scenarios to play out.
1- the market tanks from here and dips below 3800
2- the market dips, hold a higher low then breaks thru resistance to 4321, then 4400
3- the market melts up to the top of the channel at 4400
1- the market tanks from here and dips below 3800
2- the market dips, hold a higher low then breaks thru resistance to 4321, then 4400
3- the market melts up to the top of the channel at 4400
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