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S&P 500 Recovery Trend Aims Still Higher

Published 10/23/2014, 02:49 AM
Updated 12/12/2023, 05:55 AM

S&P 500 base and recovery trend aims still higher

A high level digestion through midweek of the surge through 1906.0 and next targets 1918.0 and 1931.25 to reinforce the shift back to a bullish tone this week.

This leaves bias still higher, whilst above even modest support at 1925/24.

We aim for targets at the swing highs at 1968.5/ 1971.0 late this week.

Overshoot threat is to 1978/79, maybe 1992.5 for latter October.

Initial support is now seen at 1920.0, with a firmer area at 1905/04.

WHAT CHANGES THIS?

Below 1885.75 eases bull risks; through 1870.0 signals a neutral tone, only shifting negative below 1848.0.

See full report with levels and latest screencast here:

4 Hour S&P 500 December Future Chart

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