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S+P 500 new all time high at 6,020 leaves doubts on the close

Yesterday the S+P 500 reopened at 5,992.28 and then rose in early trading, to set a new all time high, at 6,020.75. That was just less than a handful of pips above the previous record, at 6,017.31. The reversal that followed saw it drop back to below where it had closed on Friday, at 5,969.34. The low seen was set at 5,963.91. At that point it did not look too positive for the index, especially had it closed below 5,969.34. Well, in the event it did not. The index later closed at 5,987.37. Two things to note here though. First the lack of follow-through on the topside above 6,017 and second the failure to post a daily close above 6k. To be honest there will be some S+P bulls out there who might be a little concerned about that. Following that close the S+P 500 futures did balk at the comments from Trump and did fall, but since then the pricing on the opening for later today has improved somewhat. The index is currently priced to reopen around 5,981
 

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