SPX about to break out?

15 de jul. de 2022

following a fake break down and recovery of a month-long triangle, SPX appears on the verge of breaking out above the trendline that began with March's month end high. If we get that breakout, I'd be taking first profits @ +/-4080, keeping in mind that we will want to take profits quickly in a countertrend move. I'd also be leaning towards tech in individual names.