Another Traverse of the S&P Coil. Is an Upside Breakout Imminent?

Okay then.... The e-SPU is up 36 points from last Friday afternoon's low to 2062.00, and has just about traversed the entire width of the coil again-- this time from South to North.

The e-SPU is nearing a challenge of its July-Aug upper-channel boundary line, now in the vicinity 2102.

For the bulls to really get some upside traction, they will have propel the e-SPU above 2102-2110, which should trigger a thrust to new all-time highs above 2126.25.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!