Big Picture Analysis of Emini S&P 500

A look at my annotated Big Picture Daily Chart. The key elements are 1) Nearest Key Support at 5565 to 5585... 2) the juxtaposition of the upturning 50 DMA, now at 5523, which represents major support beneath 5565/85... and 3) the 8/17/24 positive crossover of my 8 Day EMA above the 20 Day SMA that in the past has signaled the start of a powerful intermediate-term advance (the last two weeks certainly qualifies!)...