SPX is testing a critical resistance level at 0.74 USDT, with an inverse head-and-shoulders pattern indicating potential bullish momentum. If key support levels hold, this pattern could lead to a continuation of the uptrend. TrendCloud analysis shows a maturing uptrend, with prices re-entering the green zone, suggesting a possible breakout above 0.74 USDT. Such a move could confirm a bullish reversal, targeting 0.7840 USDT.
Additionally, a rapid breadth-thrust surge has bolstered bullish sentiment as the market anticipates the December FOMC meeting. This surge in market breadth is seen as a positive signal for further upward movement in SPX prices.
SPX Tests Key Resistance Amid Bullish Chart Patterns
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