S&P Extends Gap With $4000!
The journey to $4000 was a fairly smooth one from the start of this year and the S&P is now trading
comfortably above this level. $4000 has now switched from resistance to support.
We have seen a nice clean move to the upside over recent days, so we can expect to see a pullback
before a continuation. Price has the 20 simple moving average which coincides with $4000 which may
act as support. Beneath that we have the 50 simple moving average.
The markets are looking strong at the moment and even the Nasdaq has caught up to the S&P and the
Dow Jones. The Nasdaq was experiencing a deep pullback when the other two indices were creating
record highs.
With all the indices now aligned, we are anticipating a continuation of the trends through the rest of
the year. The task now is to identify the strongest sectors and take only the high probability setups
to increase the chances of entering into profitable positions.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
comfortably above this level. $4000 has now switched from resistance to support.
We have seen a nice clean move to the upside over recent days, so we can expect to see a pullback
before a continuation. Price has the 20 simple moving average which coincides with $4000 which may
act as support. Beneath that we have the 50 simple moving average.
The markets are looking strong at the moment and even the Nasdaq has caught up to the S&P and the
Dow Jones. The Nasdaq was experiencing a deep pullback when the other two indices were creating
record highs.
With all the indices now aligned, we are anticipating a continuation of the trends through the rest of
the year. The task now is to identify the strongest sectors and take only the high probability setups
to increase the chances of entering into profitable positions.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
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