Upside breakout, FOMO rally next?

Mid-week market update: It's finally happened. The SPX staged a convincing upside breakout from its cup and handle formation. Depending on how you draw the lower line, the upside target is in the 2925-2960 range. The first test will be resistance of the January highs.

Upside breakouts are bullish. What more do you need to know?

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