- The S&P 500 Index rallied a bit on Wednesday as the CPI numbers came out cooler than anticipated.
- That being said, the market looks very likely to continue trying to grind higher.
- It’s worth noting that we are above the 4200 level in the E-mini futures market, and as a result, we need to recognize that we have broken through significant resistance.
- If we get any follow-through whatsoever, it’s likely that the S&P 500 will go looking to the 4300 level.
S&P 500 Forecast: Index Looks Likely to Press Higher
