Market Commentary – Equities Remain Positive / SPX En Route to 3035
The following commentary discusses the state of the minor and intermediate trends in the major US indices. It highlights immediate support in the 2800 area that was tested twice last week, and held. A lower level of interest is highlighted. The report depicts an overall bullish composure in equities, as a result of a positive signal that occurred in SPX in May, which signaled significantly higher levels.
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