Daily S&P reaches initial target

Hi Everybody,

Well, after 2 months, the S&P has rallied nicely, and has now reached its initial upside target form the Mar 6 low (which came in right at the DP support zone).

So does this mean that we are now going to make a high, and we should be looking for short trades ? Well, not necessarily, all it means is that we have reached the initial target for the rally from the Mar 6 low.

Thanks, Steve