S&P 500 Rally set to Grind Higher
There was a small pullback yesterday, but it appears that the pullback has completed with more upside coming next.
The charts are aligned to push higher up to the 1340 area imminently for the S&P 500 index. The 1340 level could be reached as soon as Monday, January 30th.
This rally has managed to defy gravity, and continue higher. It is basically a short squeeze rally, and it does create a bubble-like situation. For the S&P 500, 1340 is anticipated to be a major top for the index.
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