mikeycollins
Long

SP500 in a renewed bull run after consolidating

TVC:SPX   The Standard&Poor's Index
Looking to follow the current momentum in this asset class by buying with a target of at least $2200 (short term), $2400 by year end. The 100 DMA has acted as support in the bull run lasting from 2013-2015 however was interrupted with market scares during 2015-2016 (China Yuan devaluation, China slowdown, Oil             price shock, prospective US rate rises, Brexit, EU-Greece debacle). As these issues are now behind us and with market confidence returning, fundamentally the picture is strong.

A sustained move below the 100 DMA would keep me out the trade, as this would signal sideways action.

However be mindful of the current level of support at $2125 which if broken (close below this level) would likely bring on further weakness with a test back down to $2010.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out