The S&P 500 pushed higher late last week as the entrenched uptrend continued. We can see prices are remaining buoyant here up near the all-time highs and we see no end in sight for this uptrend. Traders can look to buy if prices retrace lower in the coming days. Watch support down near 2,227 as the key level this week; while prices are above that level we are looking to be buyers.
The Dow Jones Industrial Average also remains in a strong uptrend. We are still looking to buy this market on any dips or pullbacks this week, ideally down near 19,600 support.
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This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.