fxtrader66

SPX longer time frame bull market view

FX:SPX500   S&P 500 Index
133 0 1
SPX             has been ripping higher currently 4 weeks. I believe we could see a pullback to go long again. The SPX             has broken its upper TL that's been acting as resistance since 2009 lows to date. Using fib extensions I believe the SPX             could try to head towards the 1820/30 level by the end of the year or first of 2014???

The weekly 200 TEMA has not been visited by price in a while, a pullback to it would not surprise me.





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