Expecting a battle

spx_weekly1

Massive upside on heavy volume.

New charge for higher ground or sucker’s rally?

The answer will become clearer with a pullback.

Pullback’s on lighter volume suggest seller’s losing their might, which is what we’ve seen on the way up so far.

The S&P 500’s 850 area marks congestion on the charts for the past six months.

We might expect to see a battle go on in here.

But with Employment data due Friday anything can happen.

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