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RE: S&P 500: Primary & Alternate Longer Term
Through the price of the index affected by the continuity of positive formation of an upward attack and exceeded the target of the first stable at 2678.00, which confirms the price center within the axis of the ascending channel to continue to swing attempts, which may target during the near and medium level of 2735.00 and 2770.00, respectively.
Stochastic is currently positioned within the oversold level to strengthen our bullish outlook, thus renewing the attempt to consolidate the price to the additional positive momentum until reaching the previously suggested targets.