The bulls are making us look good as they have cleared the next levels of resistance.
The Dow is up 110 points to 13,280 and we have been looking for a close above 13,200. If current levels hold the bulls could be pushing 13,350 this week.
The S&P 500 is higher by 12 points to 1,430. The index has made a strong move past our 1,425 target after clearing its 50-day MA (Moving Average) of 1,416 last week. We have said a close above 1,425 should lead to 1,450 over the near-term and a close above 1,434 would be super bullish.
The Nasdaq is advancing 39 points to 3,026. We mentioned a close above 3,000 would be nice but 3,025 would be even better so let’s see if Tech can hold this level into the close.
The Russell 2000, which we said would lead the way higher, is jumping 8 points to 834.
We’ve got some nice pin action for our current trades and we also have a NEW TRADE we are recommending today. Subscribers, check the Members Area for the updates and make sure you use limit orders to get the best fills.