Back on March 28th I posted an InvestingFreak original chart of the S&P500. Blue line is 10SMA and It has held for a few months now but as the market heads higher it faces a few resistance points, is 1216 the absolute top (I have preached that number offline for a while now) and a good correction of 100 points upon us? Remember that at this point all positive earnings might be faced with a “sell the news” attitude.
I don’t have time for the nightly recaps but I will leave you with an updated chart that you will like. (Click To Enlarge)
Have a good night and make some money!