S&P 500 continues to rally

The S&P 500 rally is testing resistance at 1875/1880. Volumes are light, but an attempted breakout above 1880 should reveal any patient sellers lying in wait. Successful breakout would signal an advance to 1950*, but bearish divergence on 21-day Twiggs Money Flow continues to warn of medium-term selling pressure.

S&P 500

* Target calculation: 1850 + ( 1850 – 1750 ) = 1950