S&P-500 outlook for September 5, 2014

The trend is up in all time frames. Consolidating around all-time highs. Price action is healthy. Long-term “overbought” conditions being worked out through time, not price. We use a tight stop on long positions trailed up to @ 1.998 (spot index at close).

SPX_20140904

Chart courtesy of StockCharts.com. http://stockcharts.com

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