S&P Breakouts Might Not Sustain

the fact that Money Flow measure held below the May peak as S&P moved up to test key price level does not favor a sustain break to the upside. The index could signal an upward trajectory, depending on how it closes over the next few days. Key resistance is around 2752. If it closes twice above that level, the next leg is likely higher, and we’re looking at 2800


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