Hi everyone,
The market closed above our second resistance and we’re back in a bullish manner. Traders trust Warsh a bit more now, and the market took the rate hike positively. How long that lasts, we don’t know, but so far we’ll trade the price action and take it day by day.
We added some trades and found new trade ideas. Please see below.
SPX Levels
Resistance: 7,666 / 7,758
Support: 7,628 / 7,594 and longer-term support 7,517.
Our year-end target, and the level at which to exercise some caution or add hedges is
