Super Bull is here...?

As mentioned in my post last week, S&P 500 hit all time high. 

Not only $SP500指数主连 2109(ESmain)$ , $NQ100指数主连 2109(NQmain)$  and the $道琼斯指数主连 2109(YMmain)$  are ready to start the mark up phase. On top of that, even the laggard, Russell 2000 just broke above the intermediate resistance at 2250 and on its way to challenge the top of the trading range.

US 4 major indices

The 4 major US indices are in sync and showing bullish tone. Based on a point & figure price target projection, S&P 500 could accelerate up to hit 4600-4700, which coincides with the overbought of the up channel (refer to the chart below) for the very bullish case.

S&P 500 potential target

Immediate support for S&P 500 is at 4415, 4365.

I discussed an analogue to be referred to for the current S&P 500 market earlier on in my Sunday live session. and there are plenty of momentum stocks that are in focus and ready for more upside.

Enjoy the bull run and safe trading :)

Further Reading

Q&A US Stocks EP4: Price Action Analysis on PLTR,BIDU, XOM, PYPL

Technical Analysis, Fundamental Analysis or Hybrid? Results Inside