(1285,00)The S&P confirmed a 1290 overshooting but it failed to confirm directly our target at 1293,60. The daily closing was however strong, well above the top of the previous sessions. While above 1277.00 it will make another test on the upside. The indicators of the daily chart are still well positive while those of the s/t ones turned mixed supporting some consolidation/ correction. An hourly closing above 1288,00 will again resume the move up. We remain on the sideline for now still waiting for lower levels to buy
Follow possible updates.
Click here to read the full report: S&P500 01.11
FUTURE TREND RESEARCH