I still like this chart. If the trend is right, the momentum should drive the S+P 500 to break thru the 200 day EMA and up to about 970. This will bring the 50 day and the 200 day EMA to a crossing probably in about 4-6 weeks. When that happens, I think we go to 1150-1250 on the S+P 500.
The stochastic indicates that we should continue upward trend for at least a week, this will bring the S+P 500 up to where I stated earlier, around 970.
Chart courtesy of StockCharts.com.
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