The weeks has started with a pullback, which is a positive sign in my opinion, as this will help to fuel further rise in the days to come. Currently SPX is sitting at 1090-1095 area, which is a pretty solid support. If the level holds I am looking for 1110-1115 as first target and 1130 as the second target.
In case we don’t hold the support at 1090, this might be a sign of more downside to come near term. Targets on the downside are 1030-1010.
