Yes Indeed, The S&P 500 Index (SPX) today, closed at a new all time high. The previous high was May 1st at $2,954.13. The close today was $2,954.18. So now trend following investors and traders will want to see it hold this for the Weekly close and/or the Monthly close.
The S&P 500 Index (SPX) trend following update today – looking at that March High which was a Weekly Bullish S/R (Support and Resistance Price Level) at $2,860. We’ll see what happens if the selling this week gets down to that area. No predictions, no forecasts. Long Term trend status remains intact: Upward.