SPX Facing Band Resistance

Following up from my final post last evening, today's upmove in the S&P 500 Index (SPX) is pushing prior highs at 1774.35 and 1775.22.

It may well confront the sharply down-sloping upper Bollinger-Band line, now at 1778.35.

In the past Aug and May 2012 represented technical conditions that put the kabash on prior strong rally efforts in the SPX.

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