Target: 1350

Not much to be said about the market as it continues to grind higher. The only thing that has changed recently is more and more traders are talking about SP500 1350. As of Friday’s close, the SP500 is only 7 points from 1350. This target will likely be reached when trading resume next Tuesday for the US market. I am still watching for any sign for the widely anticipated correction to occur. Until then, I will continue to be cautiously bullish.

SP500: