$S&P 500(.SPX)$ Wants to trade $5800. Place your bets?

TechnicalHunter
09-03

$S&P 500(.SPX)$ Wants to trade $5800. Place your bets.

Bull flag breakout on Friday, lets see if we can get a continuation this week.

ImageImage

Dont have to look too far to see price puts a bottom, then rally's up.

Post that rally its normal to see a sideways consolidation and higher low being put- We got that last two weeks .

Two things I dont do:

1. Spread unnecessary fear for likes.

2. Over look what I see on the chart.

Going to be spending less time here. Summer is almost over and need to enjoy it while I can.

Will try and continue with timely posts on Indices and Stocks. Its been a fantastic year already.

Caught many cycle tops and bottoms over last few years with you all.

Remember rest is also needed in this or any business.

September Curse Broken? What's Your Account P/L?
It looks like the curse of September's market drop is going to be broken this year. Historical data shows that since 2013, the S&P 500 has averaged a 4.78% decline in September, which is typically the worst-performing and most volatile month for U.S. stocks. However, this year, with a gain of over 20% and recent strong performance, the S&P 500 has already hit its 40th new closing high of the year this week! -------------------- Has your account also broken the September curse?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • cheezi
    09-03
    cheezi
    Awesome trades this year! Enjoy your summer break and looking forward to your timely posts! [Love]
Leave a comment
1
2