SPX outlook

How long will the spx trade within the confines of this triangle? Near-term range is narrowing between the topside slope and the 100DMA & also the RSI "range" is narrowing in a triangle. Topside break would likely see a retest of the double top @~2790, and a break of the 100DMA to the downside would likely see another test of the 200DMA. Next week with GDP Q2 estimates, personal income & NFPs momentum should pick up in 1 direction.

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