Maintaining a bullish stance on the S&P500 as it makes an all-time high.
As anticipated, stimulus hopes are whats driving the markets in the last few trading sessions.
Target for the immediate term (next 6 trading days) is 375.
Macd is bearish crossover seems like a false sell signal and the RSI is looking for a run up to the red line.
Bullish till after the stimulus is announced and then going into Jan I would assume some uncertainty going into the run-off elections.
Expecting to see a strong close to the week tomorrow.
Thank you for reading.
**Just an opinion
As anticipated, stimulus hopes are whats driving the markets in the last few trading sessions.
Target for the immediate term (next 6 trading days) is 375.
Macd is bearish crossover seems like a false sell signal and the RSI is looking for a run up to the red line.
Bullish till after the stimulus is announced and then going into Jan I would assume some uncertainty going into the run-off elections.
Expecting to see a strong close to the week tomorrow.
Thank you for reading.
**Just an opinion