S&P 500: Bull Shift For 2011.0, 2020.0 And 2026.5 September Target
Steve Miley | Sep 18, 2014 06:13AM ET
S&P 500 positive tone
A strong advance Wednesday to build on the surging Tuesday rally, and as we had stated in our last report “skewed bias is to the upside, given the impulsive recovery and the proximity of the 1998.0 level”
The break above here to a new high on the December contract leaves risks still higher for this week and latter September.
We now see upside extension targets at 2011.0, 2020.0 and 2026.5
WHAT CHANGES THIS?
Below 1983.25 eases bull risks; through 1968.0 signals a neutral tone, only shifting negative below 1957.0.
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