The S&P 500 closed Friday at 3971. It first traded at this level on May 10 of last year. Since then the index has never been more than 360 points above or 480 points below that level. The index has traded through that price on 26 days since then. The current setup is hinting at the likely direction of the breakout. Here’s what comes next. Non subscribers click here to access.
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These reports are not investment advice. They are for informational purposes, intended for an audience of investment and trading professionals, and other experienced investors and traders. Chart pick performance changes week to week and past performance may not indicate future results, as you know. Trading involves risk, and these reports assume that you understand those risks and manage them according to your tolerance.