2 weeks ago I said, the S&P was giving a buy signal on the 150 dma and the Monthly S1 pivot(see green arrow). Since then the S&P has rallied 65 points to the 50 dma and Monthly Pivot point. This week, I'm looking for the S&P to go up to the monthly R1 Pivot at 1126, and possibly the Weekly R2 Pivot at 1133. Look for the Monthly PP to hold on any pullback at 1100 or possibly 1088(WS1).
