The S&P pushed higher yesterday after Fridays’ buy signal through the Pivot of 1225.
First Target is 1275. We expect that anticipation of Euro debt deal will keep shorts scrambling to cover.
We would use any move today too 1275 our first target price to take profits. We feel that the celebration will be short term and a test of the 1225 Pivot will come quickly. We will keep you posted at those points.