SPX ~ New Monthly/Quarterly Pivot Zones

The SPX continues to work its way up to new all time highs above the yearly pivot resistance test/fail zone 4020/4205, with the next upside objective at the yearly resistance pivot 4804. While the next yearly R pivot is certainly achievable before the end of the year, the next monthly/quarterly pivot resistance zones will guide the price action going forward.

As the SPX pushes higher look for resistance at the MTFZ @ 4323/4339 and the QRZ @ 4352/4389. This confluence of resistance may slow the SPX down, and if so look for support at the MP @ 4254 and the MTFZ~S @ 4185/4169. Good Luck & Trade Safe.

SPX ~ Pivot Zones