Get started
Henrythemaestro

S&P500 trading higher, traders shall stay cautious

Long
S&P 500 E-mini Futures (CME_MINI:ES1!)  
Henrythemaestro  
CME_MINI:ES1!   S&P 500 E-mini Futures
Trend Analysis ATH alltimehigh sp500index sp500long sp500analysis market Stocks
2
0
trendanalysis ath alltimehigh sp500index sp500long sp500analysis market stocks
ES1!

S&P500 futures have crossed upwards over 50 days Moving Average and the trend seems to be stronger than ever. Stimulus from FED and positive tones regarding stimulus from other major central banks fulfill the market with the bullish signal. However, traders must be careful as we are getting closer to All-Time High -levels once again. The market has a lot of positive tones but bears might surprise investors any time. It is challenging to guess when the market will turn down, if signals arise, traders must be willing to change perspective and potentially take short positions. Breaking All-Time High numbers will almost for sure trigger "take-win" transactions for some traders and increase downside risk. Right now, there are no indications, so holding long positions is the best bet in my opinion.

Disclaimer: NOT AN INVESTMENT ADVICE
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.