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Volatility Trading Digest – Trending Higher
From the S&P 500 Index (SPX) perspective the breakout and close above the September 14 high at 1474.51 confirms a new uptrend measured from the November 16 low at 1343.35 with the December 31 reversal low of 1398.11 making the second point for our upward sloping trendline as shown on the chart below.
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