Options CME signal for Long. Signal: Buy Limit - 2555.00 Take Profit - 2625.00 Stop Loss - 2525.00
Our preference: position bought above 2415,00 with targets at 2431,00 & 2436,00 in extension. Alternative scenario: in break of 2415,00, a continuation of the drop will be envisageable with 2410,00 & 2404,00 in line of sight. Comment: The RSI is mixed with a bullish bias.
StoppLoss 2374.... weakness under that level, could be a bad sign. Will do another rethink of the bull/bear situation then, maybe with some updates here.... Will Ichimoku cloud support SPX at this price too ? Pivot 2384 could be some resistance....? Nothing is obvious in this situation, but I put the Hidden Bull dvg to do its job untill bear take over.
SPX confirmed his BreakOut this week I am thinking the chart is speaks for itself. After 6 false new all-time highs (2015 & 2016) we experienced meanwhile the 9th new all-time high weekend :) And this after 2 major political events this year 2016 !!! I am personally something twisted: "Are the market so strong ???" (proudly 55.2 Points or 5.65% above old...