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S+P 500 sets a new record and here is the next potential level

As I am sure you all know, the S+P 500 rose to its highest ever level yesterday, when it set a record at 5,094.39. The index later posted a record daily close, at 5,087.03. That 2.11% gain on the day (+105 points) came second only to the Nasdaq 100. Of course the index is very much into uncharted territory once again, but there is a level of potential note, that might be worth keeping an eye on, when the index reopens this afternoon. I am right now looking at the daily chart and I see an upward topside trend line coming into play at around 5,126. That stems from previous highs reached on the way up, since January 24. Of course there is no guarantee the index will test this level and if it does, no guarantee it will deliver resistance. It is worth noting all the same. The index is right now priced to reopen at around 5,083
 

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