S&P 500 (What's Next?)

After hitting a high of 240.32, the S&P 500 has pulled back some.  What’s next for this market?  I can with confidence say; I am not sure because like I blogged about several months ago, the markets are uncertain.  Get accustomed to that!

However, if I am to use my charts as a guide, I would say we hit our first level of support today at the 235 levels. 

For me to remain confident in this bull market; I would like to see another pullback to the 232-233 area. 

If it dips to 228 and consolidates in this area for several weeks/months; I would begin calling the market a raging bull.  And will begin to go all-in!

Those are my levels.

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