S&P 500 weekly-super bullish heading for target 2215-2247

S&P 500 weekly technical report for 14 to 18 November 2016
S&P 500 weekly technical report for 14 to 18 November 2016
S&P 500 this week closed at 2164 with hue gain. This week S&P 500 hit low around 2100 while high was at 2182. Total almost 82 points high volatile swing and positive closing for this major index. S&P 500 is underperforming as compared to Dow jones. Dow this week closed with weekly gains after last 2 week’s continues strong negative closing.
 
Technically, S&P 500 future is in uptrend and given breakout above 2135 level and then achieved upside target 2160. Now heading toward swing target for series which is at 2190 and 2215. On downside 2160 then 2135 are immediate support zones.
 
From long term view, S&P 500 achieved 2175 target and above it next target will be 2285.