UPDATE: The S&P500 (SPX) has climbed to dizzying heights is a short period. The previous high (2007) of 1576 is not that far off with last weeks high of 1530. The path to these lofty prices has been mostly up, with a rocky start where mid-1300's were tested. Another break of the uptrend line in Jan 2013 again saw further strength pushing the market forward. This recent weakness takes price below the narrow steeper channel. How meaningful that weakness is into the next weeks of trading will have to be measured carefully. Watching and Learning.
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