Moving Higher
S&Ps are trading at 1225, just off a new high for the day at 1226, as the market continued to move higher, despite a choppy trade.
At mid-day the market is quiet, but the tone is definitely bullish. As long as we stay above 1212.50 the upside is in good shape. However, be aware that the trade could quiet down this afternoon.
NASDAQ made it to the long-awaited 1720 target and was headed for a choppy two-way trade to the next target of 1753. The market needs to get above 1753 to get out of a downward channel.