S&P 500
The S&P 500 jumped almost 6% this past week and is now fast approaching the 40 week MA. Ideally a pause would be good here and despite the fact that the weekly indicators have room to move higher the daily indicators are somewhat overbought. We have now taken out the January highs and we are only 70 points off of our targets of 1000 with a range possibly up to 1050. So this is another sign that we are getting deep into our rally and towards … [read more...]
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