S&P 500 HITS TOP OF CHANNEL GOING ALL THE WAY BACK TO 2009.SHORT

S&P 500 HAS HIT THE TOP OF THE CHANNEL DATING BACK TO 2009.I EXPECT SOME RELIEF BEGINNING STARTING FROM DECEMBER DUE TO PROFIT TAKING.


THE S&P INDEX USUALLY MAKES A 3% INCREMENT AFTER BREAKING PREVIOUS HIGHS BEFORE MAKING SOME SORT OF A RETRACEMENT AND I BELIEVE WE HAVE ALREADY MADE THAT INCREMENT.

I EXPECT IT TO BE GOING SHORT WITH STORIES POPPING UP WITH TRADE WAR CONCERNS,WILL BE RISKING 3% ON A 1:1 BASIS FOLLOWING BY SL AT BE AFTER 1:1 IS ACHIEVED.