The S&P 500'sI:GSPC uptrend continues as buyers remain in control.
The bellwether stock index pushed higher again last week, in line with the long-term uptrend. The index remains very buoyant here, near all-time highs, with no end in sight for the uptrend.
Traders can still look to buy short-term price dips/pullbacks as long as the index remains above short-term key support near 2277.00.
The Dow Jones Industrial Average's I:DJIuptrend remains intact, and traders should look to gain exposure to the index on any pullbacks. The index broke to new all-time highs last week.
We see near-term support at the key 20,000 level, and we'll look to buy exposure to the index on any pullbacks lower this week toward that level.
Support near 19,600 is another strong level to look to buy exposure at. As long as the index remains above 19,600 in the near term, the outlook remains very bullish.
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This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.