Near Term Trend: Bullish
As of 12/1/17 close: 2,642.75
UPDATE: Last week, I suggested selling longs and getting short near 2,612 with stops on a close above 2,625 and with a target of 2,403.
S&P futures broke through my projected ceiling at 2,612 and even through the stop loss level for shorts that may have been initiated there. Amazing whats going on here. The US market is extremely overbought and could pull back any time, though. Next two resistance levels are 2,685 and 2,855. I should note that the 3 deviation Bollinger Band comes in at just over 2700 on the weekly chart.
Cash waiting for 2,685 to be tested. Short there. Stop on weekly close above 2,725 and look to cover down at 2,300 initially.