S&P-500 outlook for September 12, 2014

SPX consolidation below all-time highs is going on. The market prepares itself for breaking 2.011 and setting new records. There is good support in the whole 1960-1990 region, which is where we spent all but the last 2 days of July. I am waiting for the next leg up as the confirmation to enter a new long index futures position.

SP-500 spot Index, daily chart:

SPX_daily_20140911

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

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