Hey Traders taking a look at the S&P500 this week it is clear that we are in a strong bull market.
Notice that we broke above 6300 on the ES Futures Contract last week on July 3. This level is extremely important because it was the all time high from Feburary 2025. So now that the market has closed above this level buying opportunities can be considered at the trendline.
6135-6150 look like a good place to grab this bull again by the horns. 😁
So if your bullish wait for the pullback no need to chase the market imo. Eventually it will pullback lets see what happens July 9 WED with the Tarrifs.
Expect Volatility!
However if your bearish be very careful I don't think there is a good risk to reward ratio to shorting at this time.
Good Luck & Always use Risk Management!
(Just in we are wrong in our analysis most experts recommend never to risk more than 2% of your account equity on any given trade.)
Hope This Helps Your Trading 😃
Clifford
Notice that we broke above 6300 on the ES Futures Contract last week on July 3. This level is extremely important because it was the all time high from Feburary 2025. So now that the market has closed above this level buying opportunities can be considered at the trendline.
6135-6150 look like a good place to grab this bull again by the horns. 😁
So if your bullish wait for the pullback no need to chase the market imo. Eventually it will pullback lets see what happens July 9 WED with the Tarrifs.
Expect Volatility!
However if your bearish be very careful I don't think there is a good risk to reward ratio to shorting at this time.
Good Luck & Always use Risk Management!
(Just in we are wrong in our analysis most experts recommend never to risk more than 2% of your account equity on any given trade.)
Hope This Helps Your Trading 😃
Clifford
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.