The market bought up the downtrend risk as if the Paris attack never happened with a short squeeze on Monday which turned into a real strong uptrend and now it is back to my "rally until the FED speaks in December" plan, which I posted earlier. I hate to flip flop so much, but the market is in such a key pivotal area here between breaking out to a new yearly high or creating a super bearish double top, which would be the start of a recession in 2016.
If we do get a new high I see it happen around the monthly R2 pivot price slightly above 2040 points.
Entry: 2050 (when it dips lower next week)
Stop loss: 2023
Target: 2040

If we do get a new high I see it happen around the monthly R2 pivot price slightly above 2040 points.
Entry: 2050 (when it dips lower next week)
Stop loss: 2023
Target: 2040

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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.