Technical Market Analysis: S&P Eyes 2,000

S&P 500 (1993.60)

The market is aiming squarely for 2,000 after clearing the key technical barrier at 1985.50 then 1990.50. Buyers are now looking to challenge 2,005.50. A daily close above this aims for 2,020.

Alternatively, a move back below 1,985.50 targets 1,963.50 then 1,900.