The U.S. stock markets have rallied nicely after last quarter's end of year route.
This is encouraging generally speaking for the market and overall economy. The current price structure looks like the trend could continue and even push close to previous all time highs.
With a Super Pivot Stack in place the price action suggests a move higher from here. At the very least the bias has shifted long.
Buy on confirmation of strength, if the price trades above the current session high, at about 2588.50 and place a stop loss at 2483.00. The profit target is 2752.00.
This is encouraging generally speaking for the market and overall economy. The current price structure looks like the trend could continue and even push close to previous all time highs.
With a Super Pivot Stack in place the price action suggests a move higher from here. At the very least the bias has shifted long.
Buy on confirmation of strength, if the price trades above the current session high, at about 2588.50 and place a stop loss at 2483.00. The profit target is 2752.00.
Comment:
Market has stalled so bring your stop loss up to 2514.50 just under the Rolling Pivot low.
Comment:
Trailing stop loss to 2557.50
Comment:
There is good follow through on the move up, so I will continue to trail the stop loss. Trail underneath the 6 Day Rolling Pivot Range low. Current profit is approximately $2,800 per contract.
Comment:
Trailed stop loss to 2618.00