S&P Index is breaking up convincingly above falling resistance . BOE and ECB Base Rate decisions and subsequent press conference by Mario Draghi managed to influence the Markets.
Also just published ISM Non-Manufacturing PMI data helped with the sentiment .
Could this be the breakout that we were all waiting for ? The next logical Resistance for S&P is located at 1426 level which is the previous high. The Daily close above that level could help with sentiment and potentially target 1440-1447 as a next resistance levels. Alternatively current support is firmly located at 1409.79.
Indicators like , and are showing positive cross over and curling upwards.
are opening to accommodate potential move higher also.