S+P 500 narrowly misses out on a first ever close above 6,000

On Friday the S+P 500 did as expected and managed to push its way further into the record books, when it rose above 6,000 for the first time ever. The index set a high at 6,012.45. However, it was not able to post a daily and weekly close above 6k. The index fell back a little on what can only be profit-taking ahead of the weekend, nonetheless setting a record close, at 5,995.54. Now some months back Quick News outlined a scenario for the index to reach 6k, but more recently last week, the potential for this to extend even further has been in focus and the longer term technical target on that remains at around 6,600. Of course it may not reach that high, but that is the ultra-long term Fibonacci projection, which might be seen over time. We shall see on that. Meantime, overnight the S+P 500 futures have risen despite a rather mixed Asian session and losses in the Nikkei 225 this morning. However, right now it is not one size fits all across the global equity markets. The S+P 500 is currently priced to reopen around 6,011