Why the S&P 500 index should reach 2.4K

Market is in a rising trend, but is now testing the ceiling of the trend channel. Further rise to 2406 or more is signaled  from a rectangle formation by a break up through the resistance. The index has support at points 2190.

spx

Log-normal random walks based on historical parameters:
50% range, 1 month 2206(-2.5%) to 2333(+3.1%).

On behalf of the Fox Business Network I extend my sincere apologies for the poor quality of the video.

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