trading date: April 25, 2017 –
On yesterday’s morning the S&P 500 was up 25 points before the open. We will be within striking distance of the all-time high ahead of mega-cap tech stock earnings this week.
The French election results leaned to the “right” and the market liked the result. The official election is still two weeks away. European stocks are moving higher and credit risk (although not high) is declining. Europe’s economic growth has been very solid in recent months. This is going to be a busy week.
Resistance will lie at yesterday’s high at $237.41, followed by $239.20.
Support will lie at yesterday’s low at $234.56, followed by $234.13.