S&P 100 has been rising in the last few trading sessions and is currently approaching the buy target 875.00 that was set in our previous report for this index. S&P 100 previously reversed up from the support level 860.00 and has been closely following the upper resistance trendline of the weekly up channel from April of 2013.
It should be noted that the index has been rising inside 4 progressively steeper up channels – which reflects the intensifying bullish pressure on S&P 100 in the last few months. S&P 100 is set to rise further to the next buy target at 880.00.
The post HY MARKETS News: Index Report: S&P 100 appeared first on | HY Markets Official blog.
