SPX Analysis on Global Timeframe Shows Bullish Flag

The SPX is moving within the boundaries of a bullish flag on the global timeframe

The price is attempting to break through the upper boundary of the pattern. If the price breaks through, the pattern predicts an upward price movement

Current price: $1.2429

If the price breaks through, the pattern predicts a price move to $1.3740 and above

Also, if the price fails to hold after breaking through the upper boundary, a downward rebound to 1.0118 and below is possible

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