BofA: The 40-week and 26-week MAs at 3025 and 3002, respectively, are also key risk management levels for the SPX. Weekly closes above these weekly MAs since late May increase the potential for a shift to a bullish trend from a bearish trend on the SPX using the 26 and 40-week MAs as a longer-term guide. The key is for continued weekly closes above these MAs, similar to the bullish from bearish trend transition in early 2019.