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Wednesday, December 03, 2014

SPX Update...2150 by Christmas Day?

There are 15 trading days left until Christmas day. The SPX closed today (Wednesday) at 2074.33. If the SPX gains just 5.1 points each day until then, it will reach target resistance of 2150, as mentioned in my post of November 1st. Although the Momentum indicator is declining on the following Daily chart of the SPX and not confirming this latest rally, it's still above the zero level and has made a higher swing high, so anything's possible.


Stay tuned until Christmas...