Another bullish day on the SPX as we hit the $2713.34 level during intraday trading. At the close we were up $28.55 at the $2706.39 level close now to testing our upper trendline. This up wave continues to look more corrective rather then impulsive. Any solid break above our line could be much more bullish!!
We did come close to tagging the upper Bollinger band which closed at the $2721.44 level. All indicators remain on full buys and the Bollinger bands continue to tighten. The upper channel line comes into play around the $2740ish level.
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