SPX gains momentum toward $1.00

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.

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• The SPX chart is playing out as we predicted and it now looks really positive.
• Price has cleanly broken out of the main downtrend line, but it is now butting into the main horizontal resistance zone between $0.72 and $0.75.
• We're expecting a breakout for SPX imminently with a swiftly achieved short-term target of $0.90.
• To the downside, from here and in the short-term, we'd expect $0.65 to $0.72 to hold as support for price.
• We also noticed in the last few days, volumes have picked up slightly, which is a positive development.

• Next Support: $0.65
• Next Resistance: $0.75 
• Direction: Bullish
• Upside Target: $0.90 (then $1.00)
• Downside Target: $0.65

Cryptonary's take

Simply put, SPX looks set for higher here. It's a coin that we called perfectly on the mega move higher, then for the check back into the $0.45 to $0.50, and now for the breakout higher. We're expecting $0.90 to $1.00 to be achieved in the coming week.