‘From the technical analysis perspective, the summer surge was a huge deal. Breaking past that 6,120–6,170 barrier essentially opened the door straight up to the 6,800 range’, explained Kar Yong Ang, looking at the S&P 500 chart (see above). ‘I think both the big trading algorithms and the fund managers have the 7,000 mark as a key psychological target. We could easily see a quick push toward, or even slightly above that level, possibly hitting 7,142. But watch out, because a sharp technical pullback is lik ...