Author: Imre Gams, Jeff Clark Trader

I’ve prepared an updated chart of SPX so we can go through it together…

In short, we’re still in a trader’s market — and there will be plenty of both bullish and bearish opportunities.

This setup seems obvious…

I expect AT LEAST a move of the same magnitude that took place from January to February (that would equal about a 73% rally from current prices).

The odds favor an upside breakout.