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Friday, June 1, 2018

S&P 500: We're Above A Key Level: Bullish

We'll keep this short and sweet. We had been using the S&P 500 ETF SPY level 268 for some time as you may know.

We have a new level based on the see-saw action we've been seeing in the market the last few days.  We're bullish but to confirm that bullishness here's the chart we're using.

271 Key Bullish Level Now

S&P 500 chart
Source
After a long weekend we think Tuesday's action chopped many traders. Breaking above that Tuesday's high, which is where we stand now, is very bullish.

Staying above that level, which we expect, is reason to have some more conviction.

Wishing you success.



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