Another quick update on the S&P 500. Despite worries in Ukraine (worries did come down a bit) the index has broken out of the resistance at around 1,850. The candle pattern on March 4th looks extremely bullish and at this point it seems like S&P would continue to make newer highs.
The last two trading days saw sideways movements without any significant pullback which is usually common when breakouts occur.
My call would be to stay long.
Disclosure: I have no position on the S&P 500