Now, with VIX at 12 and $SPY just below a daily downtrend line, is expected to rise as the markets prepare for Sep FOMC on the 21st.
Another push towards 220$ (2200 with SPX ) is definitely an option but the focus will be on the markets reaction to the ECB meeting on Thursday - A close below the Fast line can send $SPX back to test the previous record levels - near 212$
This analysis is part of this week's newsletters - The Weekly Markets Analysis - Check out more trading ideas for stocks and Forex here - http://goo.gl/5f5NyX
The Market Zone
http://marketzone.tumblr.com/ - My blog
https://www.youtube.com/c/TheMarketZoneNet - Youtube channel