S&P 500 starting new leg higher to 2200 points and beyond

FX:SPX500   S&P 500 Index
253 6 6
As bearish as I am, my calculations are getting more and more bullish , especially after the "S&P 500" futures rallied to a new all-time high to 2182.9 before spot opens in less than one hour. It looks like resistance becomes supports and bulls won't give up buying until the "S&P 500" is at least at 2200 points. Currently the S&P 500             futures are at 2174.9

Entry. 2175
Stop loss: 2160
Target: 2200
Risk: 15 points
Reward: 25 points

MACD on the monthly almost bullish again (actually it happened already, the MACD lags some months - several monthly bars - behind on the monthly chart):
Comment: UPDATE: 2 days later.

Great, they pulled off the 'momentum kiss of death trap' yet again. Right on the day where the trend would have started to break out higher the S&P 500 ran into heavy distribution and then the index quickly fell lower in a move which I would describe as deep stall.

To show you one piece of what got me so bullish, here is a custom MACD histogram which was right on the verge of flipping back to bull, when bears finally decided to release the kraken:

I only saw this move coming on the weekly, but I ignored that ...
As bullish as I'm, there is now a SHS active with target 2140...
Interesting read:
ChartArt Quantum_Maryland_Capital
Yes, this is really interesting.

Quote: "In other words, buying the new highs in the S&P 500 today means you believe “this time is different.” It could turn out that way but history shows that sort of thinking to be very dangerous to your financial wellbeing."

My take: But this "time is (actually) different". This time both the US and EU (and Japanese) stock markets are distorted without any previous historic precedent by very very low interest rates and other tricks. The market makers in this game are the central banks. As long as Yellen and Draghi and Carney keep on pumping, I remain optimistic that the worst of the worst is over for this year until the US election has announced a winner.
Yep, my first target is 2205 but as you are suggesting I'm beginning to beiieve we could see a decent correction from this level or slightly higher.
ChartArt Quantum_Maryland_Capital
Also worth watching:

"The PowerShares QQQ Trust (QQQ) saw the largest weekly capital inflows in 2016. Plus, QQQ outperformed its large US equity index ETF counterparts (SPY)(DIA)(IWM) on a weekly and monthly basis for the first time in 2016" ... "The rise of actively selective investors may be the next turnaround story of 2016! A reversal in return and fund flows among the big four US equity index ETFs (QQQ)(SPY)(DIA)(IWM) provides a powerful example. Turning our attention to fund flows, we saw that inflows into QQQ had historical significance, adding a second layer to QQQ’s reversal story."

Source: ETF Flows' Next Turnaround Story of 2016!
ChartArt ChartArt
Here is the part I actually wanted to quote from this article:

"Investors poured ~$1.2 billion into the largest technology ETF by assets under management (QQQ). Putting this number into perspective, note that last week’s flows were the largest weekly inflows into QQQ in 2016! The same is true on a monthly basis. In July, investors allocated the most capital to QQQ since the beginning of the year. Considering that QQQ closed at a year-to-date high, you should note that investors didn’t see the turnaround as an opportunity to offload some of their holdings. Instead, they had the confidence to add significant exposure."
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