Trading Environment:
...institutions in accumulation with a test of the technical downtrend expected - Long Term Trending Fed. Liquidity and Foreign Liquidity Inflows in high expansion territory
...VIX 15.69 Close Friday = above 15.23 support moving towards apex - leadership ratio reads a +2.03 low positive bullish advantage
...heading into option expirations week, the SPX 500 set a new intraday 52-week High *1332 so far, leaving the friendly tone for further advances intact
,,,chances are, the index will continue to head higher towards the 75% retrace of the 2007-2009 Break *1348_current *1354 upper channel resistance on the 6-month weekly trading set-up within the next couple of weeks
...however, despite the unbroken 'back-up the truck mentality' every time the market dips, closing in on overhead resistance levels, vulnerabilities increase for a sharp bearish breakdown
Kind Regards
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