#SPX finds daily support on the 21 EMA

#SPX has found support on the 21 EMA on the daily timeframe and is moving up in spite of calls for doom. We are inside the most recent channel formed after breaking out of a long-term, multi-decade channel. Is this the next sign in the parabolic breakout that signifies a Nikkei style boom-bust?
Beyond Technical AnalysisTechnical IndicatorsTrend Analysis

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