NeshamaTrading

S&P500 reborn.

Long
SPCFD:SPX   S&P 500 Index
Hey Guys.

Here we have the SP:SPX with a clear symmetrical triangle that has formed since our last trade where we entered short.

From a fundamental point of view, even with rising rates and treasury yields its hard to match the returns the OANDA:SPX500USD has been posting over the years unless you take a run at BITFINEX:BTCUSD .

Even with rising rates the tax cut should help scrub some of that under the rug and sharpen the bull up. Well, at least temporarily that is.

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