SPX Key short-term support at 2980

SPX remains inside a bullish medium-term channel and continues to make higher highs and higher lows. Price has recently pulled back towards 2980 and has most probably formed another  higher low before continuing its up trend. Price has resistance at 3025. Breaking above it will open the way towards our next target of 3080.

 

So as long as price is above 2980, we expect 3085 to be reached.