S&P Pullback Then Continuation To New Highs

11 Tem 2016

As I noted in this idea from a week ago, we were going to new highs, which we did, but now we're ready for a pullback before continuing on. I think the chart has one more bounce up in it, but then we'll come back to the 2070s before going to 2185. The Day/Weekly/Monthly COGs/CMF/Waves all look strong, but haven't broken into any higher levels of momentum, so the earlier time frames are going to pull us back. 2148 is my target, but I might get in earlier than that.