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As I was writing on Friday, SPX is testing major double resistance at the month middle band and a key trendline from the 2009 low. With a daily RSI 5 sell signal fixed on SPX, at least a decent retracement here looks likely, and that may develop into a decline into a new bear market low under 3491.58.
SPX monthly chart:
I was getting really weary of this mania kicked off by ChatGPT. Finally people are waking up to the fact this this is the new 3d Printing.
This is just getting sad……………
