By John Pisanchik

The market today broke out of the double top and held it’s gain. With a close of 976.29 on the S&P Cash Index, the market is now poised for a rally that can go significantly higher. There is a possibility that the market may test the 955 level over the next few days, however if there is no test, the market can have an explosive rally. A short term objective is the 1000 level in the cash index. Depending on the strength of the market we could see that tomorrow. Happy Trading.

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