Yesterday: “The S&P has done as I had hoped it might, and is well poised to make an advance upon 1980.” In afternoon trading yesterday, the S&P came within a point of making my objective. The prospect for ongoing gains look good to me. The next objective is at 1995.
DAY: Stay long or buy bounces off the 13-HOURLY EMA.
POSITION: Nothing for now.
| SUPPORT | RESISTANCE |
|---|---|
| 1936 | 2012 |
| 1920 | 2003 |
| 1914 | 1995 |
| 1900 | 1971 |
