S&P 500 Index (INDEXSP: .INX) Trading Analysis Image
The S&P 500 Index has pulled back near the 50 day moving average and into my MOB support band.
I am watching the stochastic oscillator to see if we get a pullback near-term (and look for a turn back up to confirm bullish bias).
We continue to be bullish and will look for higher prices, perhaps hitting our 3040 price target on the S&P 500.
Only a weekly close below 2950 would have us looking for a deeper pullback.
We are long-term bullish equities and see fund flows coming in on any deeper pullback or even correction.
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