By John Pisanchik

The market broke the 1050 resistance level to the upside and today the S&P Cash Index continued higher to close at 1068.76. This was a significant break on a short term basis, and the market should continue higher. The near term objective is 1100. The intermediate objective is around the 1300 level in the S&P Cash Index.

The market will still be choppy, and there will be days that the market will simply drift, however the bias is upwards, and that should remain in place. Happy Trading.



Filed under: Market Opinions

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