What Now for the SPX?

What next for the SPX? My sense is that if yesterday's upmove was not the start of a vertical upside blow-off that is heading directly for new all-time highs above 2080, then the index otherwise has carved out a whipsaw, year-end trading range between 1980/70 on the low side versus 2050/60 on the high side.

The flat 50-Day EMA, now in the vicinity of 2018, will provide support on any weakness that emerges in the upcoming hours/days.

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