ISSN: 2056-3736 (Online Version) | 2056-3728 (Print Version)

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The S&P 500 rose during the course of the week, using the 1920 level as a springboard. Now that we are at fresh, new highs, we can see no other action except buying from here. Pullbacks at this point time should be buying opportunities as well, and the 1880 level will more than likely be about as far as the market can fall currently. We believe that the market will target the 2000 level, and that is our immediate target. Longer-term though, we think we go much higher than that.

S&P09062014

Support

1894

1914

1926

Resistance

1946

1953

1973