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Thursday mid-Afternoon Technical Developments- S&P break above 2660 has led to challenge of more important level

S&P-   Rally has gotten OVER 2660 which has brought prices up to the next key area at 2670-5. 

For the bear case.  This needs to hold.    Over 2670 would suggest further rallies into end of month before a May 1st week decline

For now, hourly charts are overbought against key downtrend resistance from midApril 18th highs

I will stick bearish , looking to sell into this.. but above 2675 would merit revisiting

Rally in DXY continuing today after just minor weakness.  Upside targets at 92-92.50 into Monday before reversing.   Gold might be weak/commods until early next week given Dollar strength