Friday, December 16, 2016 Morning S&P Comments from Michael Blythe

Good morning. Bulls did what they needed, rebuilt a floor at 2250 and is using that to push higher. It’s an expiration Friday with bulls in charge, not out of the cards for a grind up to new highs or at least pushing close to 2270. Going to return to quiet and thin.


 2273 (**) Third Target + Resist

2269 (*) Second Target + Some Resist

2264 (*) First Higher Target

2260 (*) Early Pivot

2256 (*) First Lower Target + Small but maybe good enough support

2252 (**) Second Lower Target + Support

2248 (***) Third Lower Target + Bulls Better Show up


All the best;

Michael Blythe
Futures Strategist
Hamzei Analytics, LLC