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Message: Chart.

What a Run?!  The last time I looked at the chart ( and posted)  was July 30 :

Right now MACD and RSI look a bit overbought and little pullback is possible, but the overall direction should continue to the next resistance at $27. Then thing should settle down unless we have major news."

We had a small pullback around $26 a few days ago, but with huge news from Washington SP  managed to over-run $27 resistance and reached almost $29.

Right now little pullback would be healthy to consolidate such a nice run.  MA200 at $27.60 provides good support, or at least the next one at $26 should keep SP from going any lower.  With three home run news which are coming in a Fall– one has to be crazy to short this stock.

 So, after small consolidation, the next run-up should take SP to resistance at $32.

   All ahead.

 

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