The S&P 500 continues to trade above key support levels and there is still reason to stay bullish. The moves are in-line with the longer-term uptrend.
In my recent commentaries, I have been focused on looking to buy between 2030.00 and 2000.00 as we see that range as a key support and value area. While this support area holds, I will look to buy dips (weakness) down into it, and I would like to see a strong price action confirmation signal form before initiating a long position.
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