S&P hasn’t broken to YTD highs yet, unlike the Nasdaq (which typically leads).
1841.75 – 1846.50 – Range high resistance. Looks likely to be broken.
1829.00 – 1831.50 – Short-term support. If the market is going to quickly break to new highs, this support level should
1818.00 – 1821.50 – Last support. If this support level is broken, then the S&P is likely going to continue balancing within a range.
Nasdaq is at YTD highs, and treading into 10 yr+ resistance levels. So far, these resistance levels are not stopping the rally.
3656.75 – 3664.50 – Short-term support. Above this level, Nasdaq is still strongly in control by the bulls.
3589.75 – 3602.75 – Final support. Bears should not be able to hold prices below this level very long, or the market will begin to shift toward a bearish bias.