Out Or Down

Its break-out or break-down time for the S&P 500. The next few days should provide a very potent indication for how the index will move next. The index tapped the top of a pocket that has seen the index roll over multiple times in the last six months.

S&P 500, 4 hour bars

S&P 500, 4 hour bars

The question is, will momentum carry the index through resistance and on up to the all time highs?

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