The S&P 500 index has made new 30-week highs accompanied with strong momentum to the upside. If we get a deeper pullback, then I am expecting at least some support to come in at 3.200/3.150 - close to the rising moving average line.

New 30-week highs for the S&P 500.
The S&P 500 index has made new 30-week highs accompanied with strong momentum to the upside. If we get a deeper pullback, then I am expecting at least some support to come in at 3.200/3.150 - close to the rising moving average line.

The analysis provided here is usually part of the analysis the author uses when he is designing and managing his investment portfolios. Disclaimer: The analysis presented here is for informational purposes only. Readers are solely responsible for their own investment/trade decisions.
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