The S&P managed to confirm a positive closing despite the drop to confirmed a lower at 1223,10, just above our stop!! We still expect good resistance at the 200 day line at 1245,04; only a daily closing above this line will confirm higher levels!!
The indicators of the daily chart are still well positive and also those of the s/t ones have again turned above the line supporting another test on the upside. In the s/t only a break below 1232,00 will postpone the move up causing another test of the 1223 area. An hourly closing above 1249,00 will confirm a s/t target at 1262,20!!
We stay long moving the stop to 1222,80!
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FUTURE TREND RESEARCH