S&P 500 Breaks 1,200

However, this means little unless we can close above it


The S&P 500 finally managed to break above the important 1,200 level, but hasn’t gone much higher since then.

Now the key issue becomes whether we can actually close above it, because an intraday break does little to convince me that this market has broken out of its resistance.

However, a close above it is a very decisive tip-of-the-hand by Mr. Market and its intentions to drive much higher.

The SharePlanner Swing-Trading System is a proven trading strategy that has outpaced all the major indices with an 8-year return of over 1,010%. This year alone it is up 29%, with 64% of the stock picks being winners. It’s an easy trading system that requires very little effort after you buy the stock and great for those who can’t watch the market all the time! Find out more by visiting SharePlanner.com.

Article printed from InvestorPlace Media, http://investorplace.com/2010/12/sp-500-breaks-1200/.

©2016 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.