The SPX and Dow have tested the channel line and failed. The recent run up has been pretty exhausting for the longs and it would not be surprising if after a period of consolidation, the SPX and Dow test the upper channel lines once again.
The Q's have done battle with the 1600 point many times and had a failed breakout in January.
Treacherous waters across all three indices with some very choppy action forthcoming.
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