Big round numbers such as 3,000 on the S&P normally act as heavy resistance zones. The index tried to get through this level just recently but couldn't manage to break through on its first attempt. In Pre-market as I write (17th of October), the index is once again trying to power through this resistance level. Eventually, we believe that the index will be successful. Any encouraging announcement concerning the trade deal between the US and China for example should move equity markets robustly to the upside one would think.
Therefore, we continue to scour for