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  S&P 500 Kissing Underside Of 2 Long-term Rising Channels  
  Lorimer Wilson on 2018-03-21 03:00:45.0
 
 

The long-term trend in the S&P 500 is up and nothing over the past 6-weeks has changed that trend!

The original article has been edited here for length (…) and clarity ([ ]) by munKNEE.com - A Site For Sore Eyes & Inquisitive Minds - to provide a fast & easy read.

The chart below reflects that the long-term rally in the S&P 500 has it kissing the underside of two long-term rising channels at (1) and bulls certainly…do not want to see selling pressure getting started!

Below looks at key indices on a shorter-term perspective:

Six of the eight key indices remain below highs hit back in January. Micro & Small Caps closed at January highs last week.

Bulls want to see the January highs taken out. They don't want to see lower highs and selling pressure get started!

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The post S&P 500 Kissing Underside Of 2 Long-term Rising Channels appeared first on munKNEE dot.com.

 
 
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