A001001

Lond SPY

Long
SP:SPX   S&P 500 Index
There is unfinished business on the upside and I reckon there is too high probability of ES hitting all-time highs before running violently down. It takes time for big players to accumulate positions and we are not ready yet for skies to fall. Long ES from where it is now (day session on SPY or ES contract overnight with a tight stop below overnight lows. Rationale - short stops have been hit overnight and we are ready to move up. That's giving us 3:1 - 3:5 profit targets.

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