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Upside Breakout in S&P 500


The BIG picture weekly chart of the SPX shows this week's upside breakout into new recovery high territory. My next optimal targets are 1311 and then 1324. Only a close for the week (Friday PM) below 1297.70 will negate the upside breakout and weaken the very bullish current chart structure. However, only a downside reversal and break below 1280 will trigger initial weekly signals that the Oct-Mar advance is complete.

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