SPX is reversing today, and looks to have found support at the 2040 level.
We definitely are not out of the woods yet, but it doesn’t seem like the bears have a firm grip on this market any longer. If that is the case, then it becomes a matter of how long can the bulls sustain the upward push we are currently seeing.
Frankly, it is impossible to know how long it can sustain itself, so it is our job as traders to manage the risk and continue to ride the wave higher as long as it will last.
Below I have put together a list of trade setups that I am following this week, and of course I’ll be adding and subtracting from it as the week progresses, but this list will be a great starting point for you in your trading.
Here’s the bullish list of trade setups:
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