After being in a choppy zone since November of 2014, it is finally looking like the SP500 is re-testing the top end of this range and could very well breakout to new All Time Highs. $SPX 1972 has been the LINE in the Sand and has been defended very easily, with the help of Stimulus around the world that is. Regardless, of what is going on around the world, $SPX $2064 was the double top that was just broken through. If we hold over that level there are very good odds we see $2090-93, and potentially a move straight over $2100. Watch for break-out failure, but as long as $SPX holds $2064 it seems like a better long than short.
Good luck out there! I am not long $spy at this time, but I am long $xiv.
Good luck out there! I am not long $spy at this time, but I am long $xiv.