Possible break to ATH's

15 Jan 2022

S&P bullish divergence and continued bearishness in the market may lead to some upside on a short-term basis. If the S&P 500 continues momentum into the close, we could be on the path to reclaim $472. Would expect to see continues volatility between $470 & $463 making higher lows, shaking out some week hands before the potential breakout. If momentum breaks down and S&P 500 loses support, expect to see a reclaim of $438, making stops at $453, $445, and $442 on the way down.