SPX - above the 200, but stuck

SPX is now "well" above the 200 day moving average post the latest squeeze. We bounced on the big 3950 support and the trend line that has been in place since Oct. Upside resistance levels are: 4100, 4150 and then the big 4200. Note the SPX is getting tighter and tighter inside the big triangle like formation. This market still lacks a new bigger trend, but that will change eventually...