$SPX $SPY Updated Trend Channel w/ Resistance Levels

SPX SPY Updated Trend Channel w/ Resistance Levels. If this is a sustained uptrend, don't be suprised to see a retest of the lower part of the uptrend channel. Be mindful of the overhead resistance levels, SPX 4160 is a big one any we have yet to close above it - market touched 4164 on Wednesday, closed around 4155. Jobs report today and recent Fed commentary by some of the biggest Fed "doves" makes the bullish case for a Fed Pivot hard to agree with. If your bullish and believe in the uptrend, a good entry would be the bottom of the uptrend channel. If your bearish, todays Jobs report should give you some confidence to hold/add to your shorts, if neutral wait for a break of the recently formed uptrend channel in either direction, or add a small position according to your bias.
Chart PatternsTechnical IndicatorsTrend Analysis

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