Movin on up…

A strong push higher that activates the longer arms of this T structure pointing to late August highs.

Significant resistance indicated by the MOB lurking just above in the 2140-2150 area just above at all time highs, and so this is presumably the current target, with 2180 – 2200 the longer-term target above that.

Chart of S&P500 for 11 July 2016

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Disclaimer: This is the diary of a personal trading system, its methodology and the signals that it is producing. You are welcome to follow along but please understand that the information presented here is for entertainment purposes only. No recommendations are being made to buy, or sell stocks, options or futures contracts. Please consult your own financial advisor before making any investment decisions. 

 

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