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S&P 500 Index

same line hourly chart

By sunriselmi
Updated
price is backtesting the line, nothing more. this is the same line as published in the 2021 break above a decade long upper trend line. this usually signals a melt up of mammoth proportions. the conditions supporting a melt up have not changed, 105 billion or more of qe per month.
Note
of course the conditions of qe changed, so melt up off the table
Trend Analysis
sunriselmi

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