How High Is The Stock Market Going ?

06 Oct in Blog, commodity consulting, commodity trading, dow jones futures, futures trading, NASDAQ 100 futures, S&P 500, seeryfutures

S&P 500 Futures---The S&P 500 in the December contract is breaking a 7 day winning streak down 6 points this Friday afternoon in Chicago after settling last Friday at 2516 while currently trading at 2544 up about 28 points for the trading week continuing its record-breaking streak to the upside as I'm certainly bullish the entire equity market.

If your long a futures contract continue to place the stop loss under the 10 low which in Monday's trade will be 2492 as that will improve on a daily basis therefore lowering the monetary risk as prices are still trading above their 20 and 100 day moving average as this trend is very strong.

The United States lost 33,000 jobs in September blamed on massive hurricanes that we've experienced in the last month or so and even that poor number doesn't put much pressure on prices as this is a strong demand market as investors continue to buy on any type of price dip.

As I have talked about in previous blogs if this market does not selloff in the bearish month historically speaking of October look for much higher prices in the month of November and December as generally speaking we do not selloff during the holiday months so continue to play this to the upside as who knows how high prices can go, but they are going higher in my opinion across the board.TREND: HIGHER---MIXED---CHART STRUCTURE: POOR---IMPROVING

 

 

 

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