On Friday we saw a slight new high to 16,631.63 and as long as support at 15,340 protect the downside we could see a move slightly higher towards the 161.8% * wave a target at 16,749.
That said, my long term view of a major expanding triangle developing stays the same. I do think that the upside potential from here we be very limited if we didn't see a top on Friday at 16,631.63, but we need a break below 15,340 to confirm that.
Todays S&P 500 Index Ranges
ReplyDelete1842<<<1853<<<1864<<<1875>>>1886>>>1897>>>1906