SPX closed the week at 4108.55. SPX is consolidating near the golden zone fib area (marked as .382-.35), and failed to break out of this range overall on the weekly. SPX made one attempt on Thursday, but closed the week mostly neutral. Last weeks analysis is still true, and it's likely that SPX can move to touch 4300 before any larger resistance is in the way. Longer term positions are fine to hold until further price action near key levels indicates a directional shift, but shorter term daytrades can be easier to play this week compared to last.
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