• bullish watch-list-10-20-14

Some solid momentum out there in the market today. 

Though I wouldn’t say it is a day where the bears are being significantly squeezed, they still have to ask themselves how high this bounce could go and will it wipe out the profits that they have made over the past few weeks. 

The bounces are where the bears get into trouble because they hate liquidating their positions and instead they convince themselves that they can hold through any bounce the market may throw their way when in reality they should be covering into weakness, not in the absence of it. 

With that said, I am watching a few major price levels going forward: the first is 1898 on SPX and the second is 1920. Holding past 1920 will be difficult for me to do as it could represent the pinnacle of a dead cat bounce and for that, I’m not willing to roll the dice on the assumption that we will break through that price level. In the meantime there are definitely some long positions that can be had on the list below of my bullish swing trade setups that I am currently following. 

Here’s the bullish list of swing-trade setups:

bullish watch-list-10-20-14 

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