This week tells all? The S&P500 chapter

As with the earlier chapter on Nasdaq, the S&P500 similarly, if not more, appears to have been over stretched and first signs of stalling are in place. Currently on the target level set out previously, there are two main choices for this week... firstly, to have renewed momentum to push higher past 3400, or roll over and rest 3200 support.

Let’s see...