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Chart of the Day – SPX – (November 7th 2019)

The rally in the SPX seems to be in full swing once again as we broke the upper trend line late last week that has capped rallies since 2018.

Chart of the Day -SPX- (May 1st 2019)

The SPX closed at the key uptrend line of the ascending wedge, and based on the bearish engulfing candle on the daily chart, it looks like a move lower from here is in the cards near term.