By John Pisanchik

The S&P 500 Cash Index moved through the very important 1150 resistance level. There is a possibility that the market will test it to the downside today. However, that aside, we are looking at the next objective of 1200 on a short term basis. This has been a tough and deceptive market over the last few weeks, and it has been giving false signals repeatedly. Well, that’s what makes it a market. Happy trading.

Filed under: Market Opinions

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