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| SP-500 Daily Chart |
We closed above the 50 day simple moving average. Some would say that is now support. I say the 50 day has not been particularly relevant at any point on this chart. I would point out that it appears we had a pullback to 1560ish and now we have made a higher high (early August) and now a higher low (late August.) Volume has been better over the last 5 trading days (green too) than the preceding 20+ days. If there is continued discussion of a way to avoid lobbing missiles at Syria we could continue the march higher and test 1700.
