The rise yesterday in the S&P 500 was stronger than originally expected, pushing a little past the 2669 target. Now it would look nice to get a modest retrace or sideways formation before pressing past the April 24th swing high. The minimum depth of retrace was met late in the day yesterday though it would be best to see a little lower or have price action trapped for a couple hours before aiming for 2690 or 2694 late in the day or perhaps Monday morning.
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