S&P 500 Breaks Out

All kinds of technical reasons to be bullish. 

As we noted Friday, watch for a break out above the 4100.96, the December high, and the top of the trading range. .  The index traded almost to its key .50 fib at 4155.10 before backing off into the close.

Gun to head?  Market bangs around, consolidating gains before a move to 4325, the August high.  Have mercy on us, as we have never learned predicting short-term market moves is a mug’s game.  

Dare we say…um…disinflation has bottomed?  

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