Price Headley is the founder and chief analyst of BigTrends.com, which provides daily stock and options recommendations and education. Timer Digest recognized Price and BigTrends.com among the Top 10 stock market timers for 2000. Price has been widely quoted by Barron's, CNBC, The Wall Street Journal and USA Today. Price is also the author of the new book, Big Trends in Trading: Strategies to Master Major Market Moves.
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The S&P 500 Index ($SPX) closed above the key technical and psychological 1400 level on Thursday, and confirmed with another close above that level on Friday. Where do we go from here?
Going back to the October 2007 market highs, the S&P 500 Index, NASDAQ 100, and Dow Jones Industrial Average are all reaching important retracement resistance levels.
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