more of the same

Note: sell-offs in early trade should be watched for potential turnarounds

Although the cover level was 2087 we only traded below that in the first half hour… important to give a little in time and price… especially when the projection is higher prices.

Chart of S&P500 for 23 February 2015

what’s coming next

It looks like we are waiting for the january consolidation and 'coiling' to show its hand.
Its quite possible that this will manifest itself in another directional move upwards, perhaps leading to an April high. But the question is do we need a drop first.

Chart of S&P500 for 10 February 2015