The trigger point for an upside breakout is $1983.80. On the downside, taking out $1938.20 could trigger an acceleration to the downside.
Tech and momentum stocks could face even more volatility as we near the close as options on individual stocks, ETFs and indexes expire Friday.
The S&P; 500 has tried to rally during the week but has given back the gains just above 3400. It is only a matter of time before we get some momentum.