What Now for the SPX?

What next for the SPX? My sense is that if yesterday's upmove was not the start of a vertical upside blow-off that is heading directly for new all-time highs above 2080, then the index otherwise has carved out a whipsaw, year-end trading range between 1980/70 on the low side versus 2050/60 on the high side.

The flat 50-Day EMA, now in the vicinity of 2018, will provide support on any weakness that emerges in the upcoming hours/days.

  Matched “”
x
Take Advantage Of Our Free
7-Day Trial, $71st Month Offer!
  • 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!