Near Term Trend: Bullish
Fridays Close: 2,432 (- 3.00)
UPDATE: Last week, I continued to suggest buying pullbacks to 2,414 with an upside target in the range of 2,477 to 2,537.
The S&P futures treaded water this week again. They did start out higher earlier in the week. But, the gains were given back and the ES futures finished out flat for the week.
Nevertheless, I continue to recommend buying S&P futures on a pullback to 2414 with stops in place on any daily close below that level and with an upside target range of 2477 2537. Im still calling for a decline to 2176 level at a minimum once a top is set in the resistance range.