S&P500: Channel Up eyes higher but beware of this break.US 500CAPITALCOM:US500TheCryptagonS&P500 / SPX is trading inside a 1 month Channel Up. This week it tested and held the 1hour MA200. If it continues to hold, expect another technical +4.70% rally (Target: 7380). If it breaks (the 1hour MA200), expect an equally sharp drop to the 1day MA50 (Target: 6,800). Follow us, like the idea and leave a comment below!!