The S&P 500 was weaker than expected yesterday poking a little under the lowest support on the chart at 2690 but has not done any substantial damage to the trend up as of yet. The Lomb Periodogram, the indicator on the chart, is forecasting a cycle low in the near future, thus think it is best to have a bullish bias to eventually test the downward trend line across highs near 2733 SPX.

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