SPX Just Keeps Grinding Higher

Direct from the desk of Dane Williams.

If you've been following the LeoFinance blog, you'd know we've been watching a key SPX daily support/resistance zone.

For a refresher, take a look at the higher time frame chart in the following quote.

You can see that price is back to our daily zone on the updated chart below.

SPX Daily:

While we've been saying that the zone is somewhat subjective, you can see on the updated hourly chart that it's definitely still significant enough to be respected.

SPX Hourly:

That's a nice V-shaped bounce right off the level too, signaling the bulls most definitely have the upper hand here.

So, new all-time highs incoming?

Lol.

Best of probabilities to you,

Dane.