The S&P 500 found support at 1840 and is testing resistance at 1875/1880. Rising 21-day Twiggs Money Flow indicates short-term buying pressure. Breakout above 1880 would signal an advance to 1950*. Reversal below 1840 is less likely, but would warn of a secondary correction.
* Target calculation: 1850 + ( 1850 – 1750 ) = 1950
CBOE Volatility Index (VIX) below 20 continues to indicate low market risk.
