Chart analysis signals the bull market has further to go with possible S&P 500 upside target of 6,100

Frank Cappelleri breaks down the S&P 500 and where the charts say it will go from here.

With the S & P 500 making a fresh all-time high Wednesday morning, it has erased the 6% pullback in short-order. With the index getting short-term extended for now, does it have much left in the tank? There are various indicators we can use to help guide us. But f I had to use one technical tool, and one only, I would choose classical chart patterns. It's the first and last thing I look to in order to produce a market stance and make a trade.

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