469aecafec0e4a18b05047810cdfb1
Long

SPX stuck in 3000 3220 channel for now. Still in an upward trend

SPCFD:SPX   S&P 500 Index
Went long at 3000. It bounced here 2 times before.
Should run to 3150 and maybe even 3220.
As long as COVID casts uncertainty on the market I assume we'll stay stuck in this channel.

Comments

Will you buy at 2950, 2800, 2650, 2500 if it drops to those levels?
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@cromero_flash, My stop loss is at 2990, moving this up daily. If it goes below 3000 I would reevaluate the situation first.
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cromero_flash 469aecafec0e4a18b05047810cdfb1
@469aecafec0e4a18b05047810cdfb1, I ask because the next move looks like it will rip through 3000 like a hot knife through butter down to 2900-2950. And continue to do that in 150 point steps.
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@cromero_flash, I don't see a reason to assume that. July 4th rally is incoming.
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