Published:
The S&P 500 Index
SPX is approaching 7,000 with increased volatility — but the outlook is still bullish.
Technically, there is still resistance at the all-time high, at 6,985, with the main downside support at 6,720. That level was the December low for SPX and is an important one — market history shows that if the prior December lows are broken during the first quarter of a new year, it frequently leads to a bear market.
