SPX - Consolidation

The price continues to exhibit a bullish trend, aiming for a new high level. However, as long as it remains below 5440, a decline to 5399 is anticipated. For the price to achieve the new high level, it must first stabilize above the 5440 mark. Only by maintaining this position can the upward momentum be sustained, paving the way for reaching and potentially surpassing the new high.
Chart PatternsHarmonic PatternsTrend Analysis

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