Update on long term trend on SP500 index.
The market has broken the resistance at 4270 – 4290.
We think the market should edge higher toward the area between 4507 and 4534 (see resistance levels on chart).
DEMARK still slightly bullish: at the moment we have a “11” out of “13” countdown, so still possible another 2 months of rise in prices.
Support level to be checked on medium term: 4200.
On long term: 3950.