SPX is likely to react at the upper channel line (Chart 1) or consolidate towards a lesser-degree lower channel line (Chart 2).
SPX is up 15.91% year to date (excluding dividends). It's possible to view the Dow and SPX being aligned again (not the only scenario), sharing an ABC-down-ABC-up structure from the 2022 ATH, SPX and INDU (Chart 3).
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