elp

Cautious with longs at current highs.

FX:SPX500   S&P 500 Index
153 0 4
SPX             Weekly Chart - The Laguerre PPO is showing a divergence similar to previous occasions where the SPX             corrected. I am not implying this is the top since the SPX             can squeeze higher, but would be cautious looking to go aggressively long at current prices. Nontheless, price could just ignore everything and do what it wants and not what I think, so using good mm and a stop that fits ones risk management is important. To help identify a place to look for shorts would be when the Laguerre PPO on the daily chart paints back to grey with momo decreasing. daily chart
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