S&P500 Channel Up going straight to 6670.

The S&P500 index (SPX) has been trading within a 3-month Channel Up since the May 12 candle. All of this time, it has been supported by the 1D MA50 (blue trend-line) and as long as it holds, the new Bullish Leg is expected.

The last two rose by +7.06%, and ahead of a new 1D MACD Bullish Cross, that gives us a medium-term Target of 6670.

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