SPX Breaks August Highs

The highs from August of ’22 have been a critical zone of resistance and one of the last remaining failure zones for the last 9 months. However, as of today, the SPX broke through this zone. When the Nasdaq made the same move, it took off on a FOMO-induced buying rally. Is the same in store for the SPX? Let’s look at the levels. I’m betting on market continuation higher.