Despite the rally today, momentum still was not enough to call a definite win for either bullish/bearish side. You can see the evidence left by the indicator which is hovering and crossing in and out of the mid-line on the intra-day chart below. None of the signals have pushed into its OB / OS range.
MT: DOWN
ST: DOWN
PA: NA
Since the MT has shifted to the down-trend, this would confirm the weakness that is affecting price on the SPX even while prices lingers at their highs.
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