On Tuesday the S&P crept higher and is approaching my target at 2120.
I don’t think 2120 is the top. For one thing, Apple (AAPL) is most likely headed to $150, which should push the Nasdaq 100 (QQQ) to new all-time highs and keep the S&P levitated. I suspect the S&P will ultimately get to 2164.
A Note on Volume Profile
The histogram on the left side of the chart shows the volume distribution in the S&P futures for different periods of time. Key support and resistance levels are indicated by the peaks and troughs.
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