And Now…The Rally
S&Ps are just off the highs at 1248 and above the target of 1246. The target up ahead on the radar screen is the open gap at 1252.80.
The key for today appears to be the Dow, which has reversed to the upside and moved strongly off the lows.
NASDAQ is also moving higher at 1874, after breaking above the resistance zone at 1871. The move has been a grind, which we expect to continue. The next resistance zone is 1885.