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The S&P 500 index
SPX looks to be searching for some direction, but the SPX chart is still in a bullish uptrend. There are several support levels for the benchmark index: 6,340 (last week’s low); 6,260; 6,200; and 6,150.
Even with SPX making another new high on Thursday, some market indicators are still leaning to the bearish side. One is the McMillan volatility band (MVB) sell signal, which remains in place.
This post was originally published on Market Watch
