The S&P confirmed a strong closing last night well above the top of the previous sessions suggesting further strength with the 200 days line at 1245,14 now the attraction. We could however see even a direct overshooting!!
The indicators of the daily chart are now positive and also those of the s/t ones are in positive territory supporting the move up. In the hourly chart we have however overbought conditions and this could start limiting the move up. We try however keeping the position for a possible 1250 overshooting!!
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FUTURE TREND RESEARCH