Emini S&P holding support at 2625/23 and hit the first target of 2636/38 and probably the strongest resistance today. However eventually further gains are possible to more minor resistance at 2648/50. Exit longs and try shorts on the approach to the all time high at 2665.25. IT IS ENTIRELY POSSIBLE THAT THIS WILL MARK A HIGH FOR THE NEAR 10 YEAR BULL MARKET AS THIS IS 6.5 YEAR TREND LINE RESISTANCE. I AM WAITING FOR PATTERN CONFIRMATION.
Be aware that market tops are often marked by extended periods of extreme volatility – I am NOT saying this has started but let's see what develops.
Failure to beat 2636/38 targets good support at 2620/18. Watch for a low for the day (we are still in a strong bull trend). Stop below 2615 and look for the next target and a truly excellent short term buying opportunity at 2607/05.
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