SPX's up channel, 3 touch downs a text book one.

According to John Murph's book this is as good as it gets text book
up ward channel. You nee to through in there resistances, supports
and some fibs. Happy hunting if you are bullish.

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Reasonable pullback here is very normal.

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Nothing stopping this train breaking resistance just like that.

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Nice break out of the channel 132 points should be our target for this break out which would put us on 4618. One hell of bull move if it plays out. The target is based on the width of the channel, just 101 channel target analysis.