Dartline™ First Look – morning directional planner
With Standard & Poor’s 500 index closing above 1,100, don’t discount further gains even as the market lacks fundamental underpinning. However, weak consumer confidence remains a “game changer” as the holidays approach and could initiate a wave of profit taking in the U.S. — the impact of which would doubtless be felt on markets across the globe. Therefore, change support to 1081.10 from 1044.80 as near -term level.