$S&P;500; UPDATE

S&P;500; and NASDAQ;COMPOSITE, are still holding their supports of 4,450 and 14,033 respectively.

for S&P supports have shifted higher from 4,450 to 4,500,
but for NASDAQ support continues to remain the same.
As long as these supports are held MARKETS are likely to continue with their uptrend.
We discussed this earlier as well,
going against this momentum would not be a wise thing to do as a TRADER,
we would certainly look for a significant REVERSAL,
but this wont be a right TIME to do that,
let the MARKET take down their supports.
Currently both INDICES are holding below their JULY highs going forward we are expecting those highs to break either today or on MONDAY,
if till MONDAY S&P and NASDAQ fails to take out 4,607 and 14,446 respectively then few very dramatic PRICE-TIME-EQUALITY options would be on table,
but for now let’s have realistic expectations of INDICES making fresh 52,weeks highs.
Things are likely to get more intresting post those highs.