The S&P 500 is flying high since breaking out of consolidation in October 2019.
Price has remained above the 50sma since and even used it as support on the 31st January 2020.
Since October 2019, price has climbed up 11.5% and since the beginning of 2020, price has risen 4.3%
We may see this trend last for several months and we should notice many UK and US stocks will be
forming strong linear bullish trends.
As price is creating new all-time highs, there aren’t previous areas of support that may form an obstacle for price.
We want to see price continue to form higher highs and higher lows and we will start to manage our trades
if the behaviour of the S&P 500 changes.
As for now, we will continue to look for long opportunities, most of which are shared in our private community.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
Price has remained above the 50sma since and even used it as support on the 31st January 2020.
Since October 2019, price has climbed up 11.5% and since the beginning of 2020, price has risen 4.3%
We may see this trend last for several months and we should notice many UK and US stocks will be
forming strong linear bullish trends.
As price is creating new all-time highs, there aren’t previous areas of support that may form an obstacle for price.
We want to see price continue to form higher highs and higher lows and we will start to manage our trades
if the behaviour of the S&P 500 changes.
As for now, we will continue to look for long opportunities, most of which are shared in our private community.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
