2120 remains key for S&P500

The February high of 2120 remains the key level to break for the S&P500, says Andy Dodd at Louis Capital Markets. This may be reached after the completion of a bullish reversal pattern a few weeks ago.

This pattern targets 2170 over the medium-term although a temporary move back to the pattern’s neckline at 2019 should be expected in the meantime. This will present another buying opportunity.

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