jayadrath

S&P outlook - Mostly bullish

SP:SPX   S&P 500 Index
49 0 4
S&P 500             looks in a long term bull run with short tern (<week)in range (2175-2160) Medium term (2-3 week) support at 2130 & 2110. Close below these levels would test the levels of 2075 and absolute support at 2000.
Thus a maximum of 10% downside is expected.

On the upside if sustains above 2175 then 2250 level is expected to a max of 2280 in medium term.
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