DanGramza

A positive close for the S&P is expected

Long
CME_MINI:ES1!   S&P 500 E-mini Futures
The S&P 500 market acted very confidently in the Thursday trading session. Beginning with the opening of the Asia session which put in the low for the entire day. It was the right level of commitment at the right time in that price structure. I also look for Asia to put in the low today but it's also going to be important to see what Europe brings to the US market you want to see in unchanged a slightly higher level during the European session. I'm also looking for a positive close for Friday session. At this point I don't see any motivation for someone to sell or short this market going into the weekend. The Fed also eased some fears by saying that tapering may occur midyear next year.