Market Moving Toward its All Time Highs
The market continued its upswing after two prior weak trading days. The S&P 500, S&P Small cap 600, Nasdaq, and Russell 2000 all rose at least +1%. The market is still trading in a broad range. If the move can continue, the upside target for the S&P is 3,045; for the Nasdaq, 8,280. As the indexes move closer to all time highs, the chances for a new, major leg up in the market increases. for