S&P Displayed Meteoric Rise

By December 22, 2014 Market Analysis No Comments

S&P after hitting 2079 (one of the targets mentioned earlier) on Friday, December 5th failed to breakout for the target range of 2093-2099. It rather dropped to 1961 level and then starting December 17th it displayed meteoric rise towards 2061 level.  This means 100 point rise in two days.

Now the obvious resistance is once again 2079.

After 2079 the resistance (target) is 2093.

After conquering 2093 S&P could stall at 2114 temporarily.

This could happen by December 31st or January 2nd.

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