The SPX closed at the upside weekly target not once but twice. First, at the end of the month/quarter, and then at the end of the week on Friday. The technical picture continues to be mixed and will likely remain so for the next several weeks.
For the time being, the SPX remains in a position to retest the September high by year end, and a break above 3400 will send a strong bullish signal. However, the odds of this happening next week are low since market breadth is weakening after reaching overbought levels on Wednesday. The weekly targets are 3450 and 3250:
*Please note that the signals are provided for informational purposes only. They are in effect as of the close on Friday and may change as soon as the markets re-open.
Charts, signals, targets and data courtesy of OddsTrader, CIT for TradingView and NinjaTrader 8
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