The S&P 500 Index (SPX), today midday, trading at $3,220, is, once again, running into solid resistance at $3,236, ..as shown on the stock chart below. The stock index, since June 8th, has tagged $3,236 at least 3 times and failed. A close over $3,236, Weekly or Monthly, would indicate a Bullish Trend continuation.
The index continues to trade under the trend investing benchmark filter of 20% annualized rate of gain over a 200 day average – also known as CAGR – Compound Annualized Rate of Growth.
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