Monday, December 9, 2019

SPX Update: Not Much to Add

Nothing unexpected or unusual happened on Friday, so still no real change.  Traditionally, the successful back-test of a major breakout is considered bullish.

Near-term, the pattern is pretty straightforward at the moment:

In conclusion, we've been positioned bullishly for a while, and so far there's been nothing from the market to change that.  SPX is retesting the all time high, so we'll see if there's any resistance there or not.  Trade safe.

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