Below is my usual short and long-term perspective on the 500 index…reflecting that long-term resistance remains at hand and short-term channel support is fast approaching.

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The potential for a debt ceiling solution is close at hand time wise….interesting that the 500 index is very close to the bottom of its multi-month channel, at the same time.  If aggressive, look to be a buyer on support if the 500 index can create another bullish downside wick, like it has at each of the lows.