The bulls have it – barring an end of day sell-off, that takes price back below 2034 or worse, 2030, the bulls will have closed as new all-time highs (as long as it is above 2030, it is above all-time closing highs).
To be shorting this market at this level, I don’t see why you would. SPX is breaking out of a range that it has been stuck in for the better part of two years. And clearly you have the Fed and central banks around the world making sure that no dip is left behind and quite frankly, I wouldn’t be surprised to see this persist into the election. I can’t see any scenario unfolding where Yellen would raise rates between now than then either…if ever again.
So take a look at the trade setups below, find the ones that work for you. I’ve taken out the ones that are overextended to the upside, and added fresh and new trade setups for you to have at.
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