Upward Bound

It looks like the market is making a move toward the upper level of the trading range. The SP500 and the Nasdaq 100 downward trendline that I have mentioned in my last post are being violated. If these two indices can hold above the trendline, then the upper range of their respective trading range will likely be the next target, i.e. 1130 for the SP500, 1940 for the Nasdaq 100.

SP500:



Nasdaq 100: