The June 6 bigger picture S&P 500 update showed 3 projections, all of them were bullish.
2 month later, the S&P 500 filled the open chart gap at 2,851.48 (chart gaps act like price magnets) and is within spitting distance of a new all-time high.
As the chart below shows, the S&P 500 is also near a pretty significant resistance cluster. The confluence of trend channels and the January all-time high almost make it seem like it’s ‘now or never’ for bears, but is it? Now or Never?
The July 25 S&P 500 update discussed the tug of war between a massively bullish pattern and bearish divergences. Despite the bearish divergences, the update concluded that: “Further gains are possible while above 2,830 and 2,800, but bearish divergences...