The S&P confirmed a strong closing on Friday managing an overshooting of the 200 days line this morning by testing the resistance line at 1270,00. A daily closing above this resistance will probably propel higher the S&P suggesting a firm retest of the 1288,70 October’s top!!
The indicators of the daily chart are in positive territory but not yet those of the weekly one. The indicators of the s/t charts are mixed at the moment suggesting some consolidation while waiting for the US to come in. In the hourly chart we have however potential negative reversals that could still limit the upside.
Follow possible updates after US opening.
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FUTURE TREND RESEARCH