The S&P 500 rallied significantly during trading on Monday as the bullish pressure continuous. It looks as if the 2800 level above is going to be a significant resistance barrier, so I would expect some type of resistance in this area to show itself. I think that we will eventually break above there though, and then once we do the market will probably go to the 2850 handle. I believe that the market will continue to do quite well, as this has been very impulsive to the upside. That impulsivity is always a good sign. At this point, I have no interest in shorting the market and I believe that pullbacks will continue to give us an opportunity to pick up value in a market that has been bullish and remarkably resilient in the face of long odds.
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S&P 500 and NASDAQ 100 Forecast July 10, 2018