SPX: Likely to break into new all time highs next...

Strong action in the S&P500 futures here, looks like equities will maintain their strength for the time being as $SPX is set to break into new highs over the current all time high if the daily chart signal we have here pans out. I'm long and fully invested for the time being, holding a portfolio of individual stock picks, but watching the index to hedge the portfolio with shorts when needed.

Cheers,

Ivan Labrie.

Trade closed manually:

Signal turned into a flop, this might send prices lower, see the target on chart:

s3.amazonaws.com/tra...shots/l/lFdU1vDP.png

Comment:

Trade closed manually:

Target hit, now time to fall:

Find good short setups and go to town.

Comment:

Sadly didn't update this one, but after noticing the action suggested a bear trap I got into many bullish positions using options to not risk too much cash on open ended positions.

We might be looking at this...top by EOY.