S&P 500 Update
Here is an update on the SP 500 chart I posted the other day. You can see the small b indicating a buy spot in one of my trading systems. I have been long this market the last 3 days. It is in an uptrend and we have had a small breakout of a flag pattern in the direction of the trend.
The Bond market below is supporting the upmove in stocks by being in an uptrend also. I will be exiting this trade tommorrow in all likelihood depending on the opening. If it is a profitable open, it will be exited.
There are a few storm clouds on the horizon potentially which will be covered in my newsletter coming out at the end of the week. There are some divergences setting up that could signal this upmove in stocks is about to end, but for now the trend is up.