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
Try Us Free For 14 Days!
  • In our live, interactive Trading Room, we identify trading opportunities in ...
  • Equity Index Futures
  • Index & Sector ETFs
  • Individual Stocks
  • Precious Metals
  • Energy
  • Forex
  • Treasuries
  • International Markets
  • And Much More
Join MPTrader Now!
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!