S&P 500 day trading course levels for Jan 5.
Our daily chart is showing a bit of accumulation. If this is the start of a rally or a short term set up to fleece investors we shall see.
Looks like our upside targets are 946.25 then 962.50 in short term.
Longer term targets up to 1010.25
Expecting some resistance in the 998 to 1004.25 range.
Getting a break a way from the 55 ema (purple) an riding the bollinger band past our previous swing high on Nov 4 would be a nice sign.
If we do break through looking for the previous floor at 1098 to act as major resistance.