Gold and crude help push indexes higher today.Gold +2.38% and crude +4.11%.
Step by step spx broke some important resistances short-term.
First hold above 1055, second close above 1072 open door to 1082 and today close above 1082 open a door to 1104 again. Today close around 1095.
I don`t believe test the high in the next weeks.
Expect reversal between 1104 and 1116. Hourly macd last signal buy, stochastic overbought and rsi any divergence at close.
Suport range [1078,1080].
Resistances daily and hourly 1097,1104 and 1116.
Why I don`t believe test the high in the next weeks.
here
Why 1040 are the key number? here
Can see pattern Monthly ** Long-term last 15 years **
Tomorrow, Housing starts and the Import price index at 8:30, then Industrial production at 9:15. 2:00 the FED's FOMC minutes. Click to zoom in. Good Luck..
