I'm expecting more bullish movement into December, There is liquidity residing above the 4600 level, looking for buy stops above 4600 to be taken out. Let's see what the following month has in store. Good luck traders.
price currently being accepted above our resistance zone. strong close on the weekly.
think we should consolidate around here before a final push into 4360 range.
Long SPX at 4390
TP at 4600
SL (Not set in stone but a close below 4375 and I will walk away from this trade)
We have seen some bullish movement in SPX in the last few days as it has broken the downward trending channel. Yesterday, we saw a dive back to the 4390 lvl where I have entered this trade. The downward trending channel will now act as a support as well...
I believe if the SPX crosses the $2880 mark we will be bullish. It has rejected the 23% retracement therefore i believe we will be bullish if it crosses 2880.
