S&P 500 Looks To Crack 2600 !

S&P 500 Futures---The S&P 500 in the December contract is currently trading at 2569 after settling last Friday in Chicago at 2552 up another 17 points hitting another all-time high in today's trade continuing its remarkable bullish run to the upside as I am extremely bullish the entire equity sector as I think we will continue to move higher for the rest of 2017.

If your long a futures contract the stop loss now has been raised to 2542 as that will stay at that level for the next 9 trading sessions as that was yesterdays low so accept the monetary risk as it certainly looks to me that prices are going to crack 2600 possibly next week or the week after so stay long as there is no reason to not be involved on the upside in this market.

This is the only 1 real solid bullish trend out of all the markets which is remarkable as all the interest is in the equities and nothing else as I've seen this story before which happened in 1999, however this is a different situation as that was the internet bubble as we are not seeing bubble conditions at this time in my opinion.

The S&P 500 is trading far above its 20 and 100 day moving average telling you to continue to play this to the upside as I'm certainly not recommending any type of bearish position as I've talked about in many previous blogs.TREND: HIGHERCHART STRUCTURE: SOLID

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