The S&P 500 index gets closer to the 4,500 level again. So is this a new uptrend or still just an upward correction following the recent declines? The broad stock market index lost 0.06% on Wednesday following its Tuesday’s advance of 1.6%. Stocks were gaining ahead of quarterly earnings releases. So far, we’ve seen some mixed reactions on those releases. There’s still a lot of uncertainty concerning the Ukraine conflict and Fed’s monetary policy tightening plans. However, this morning the S&P 500 index is expected to open 0.8% higher and we may see an attempt at breaking above the 4,500 level…