S&P 500 adds to record high

The S&P 500 broke out yesterday after Trump promised a 'phenomenal' tax plan in the coming weeks. More details have begun to leak out and the market is excited.

The S&P 500 closed 8 points higher on Friday at an all time high of 2316.

You need to get creative to find any kind of resistance but the measured target from the sketchy inverted head and shoulders pattern from the start of 2016 is about 5.3% higher from here. If Trump comes out with a big corporate tax cut, it won't take long to get there.