I know, it's unbelievable, but SPX has the very strong long setup. I don't know how it is gonna happen becuase there are a lot of bad news.

Technically we have the broken head & shoulders pattern. It's not so beautiful pattern, but the main rule: head below both sholders is respected.

Morever we have seen the retest of the broken neckline, therefore the potential target is the head's height, which perfectly coinsides with the $4700.

Best regards, Ivan

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