The S&P 500 Index (SPX) and Nasdaq 100 Index (NDX) breakout

The S&P 500 Index (SPX) and Nasdaq 100 Index (NDX) breakout

After the close today, Wednesday, February 1st, The S&P 500 Index $SPX (SPX), closed at $4,119.47, has broken out over longer term resistance. The previous pivot, or price level, was $4,101, as noted on the Jan. 30th post. This will encourage the trend followers (trend following), who are with the trend, and continue to frustrate the fundamental bears. Stock chart below:

S&P 500 Index $SPX (SPX)

Nasdaq 100 Index $NDX (NDX) breakout also today, stock chart below, comments welcome:

Nasdaq 100 Index $NDX (NDX)