Bull case
- sat on top of broken trend line resistance which could act as support
- even with all the worlds doom and gloom, uninspiring economic date this thing just keeps getting pumped up by the FED
- heading into potential trend line support on daily stochastic
Bear
- Supportive trend line (yellow) eroded
- Bull recoil range trade failed with break of 2118 (See S&P500 Sep'16 - Long)
Dollar looking toppy (see eurusd and nzdusd) which could be argued either way for the S&P
- sat on top of broken trend line resistance which could act as support
- even with all the worlds doom and gloom, uninspiring economic date this thing just keeps getting pumped up by the FED
- heading into potential trend line support on daily stochastic
Bear
- Supportive trend line (yellow) eroded
- Bull recoil range trade failed with break of 2118 (See S&P500 Sep'16 - Long)
Dollar looking toppy (see eurusd and nzdusd) which could be argued either way for the S&P
Comment:
Sat on stochastic support. Looking for rally into 2160 to sell into
Comment:
Potential support at 2,080. Looking for rally into 2,155 to look at short
Comment:
Here is the rally
Comment:
This the rally to sell into. Think we release some pressure out of the system in a correction before the new world starts under Trump in 2017
Trade closed: stop reached:
Comment:
New all time high
