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The e-SPZ Levitates, While Crude Oil Deliberates

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The e-SPZ continues to levitate just off of its all-time high-- even after mediocre jobs data--but, what else is new?

The price structure is climbing a very narrow uptrend extension after pivoting to the upside from 1995.25 on Tuesday.

As long as support between 2010 and 1995 contains any forthcoming weakness, the bulls will remain in charge, and we should expect still-higher-highs projected into the 2050 area next.

Meanwhile, let's notice that nearby Crude Oil is pushing up towards a test of important near-term resistance at $79.40/60, which, if hurdled and sustained, should trigger upside continuation to $82.00.
Date: Nov 7, 2014   


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