S&P 500 Daily Market Forecast

The S&P 500 made a new high yesterday after starting lower and making a lower low from the previous day. We expect similar trading days as it approaches resistance around 2625. In the short term the S&P 500 is significantly overbought and a short term pullback would not come as a surprise either. We will wait in cash for the next pullback opportunity. For more information about the Quantopolis Bear Market Indicator and how to trade pullbacks in the S&P 500 with more than 80% success rate please visit Quantopolis.com.