SPX Analysis
Current Market sentiment is still bullish.... the recent retracement off the recent All Time High was a welcome relief. The pullback we are seeing was necessary.
I am long from the 2810/2820 zone and looking for price to push higher into Friday (Feb 2).
My overall target is 2870 into Friday, Feb 2.
I don't think this is the beginning of the correction. I believe we will see another All Time High above 2900 before the 5 to 10 Percent correction kicks in over the next few weeks.
Enjoy and Happy Trading. I am net long ES Futures and SPX call options.
I am long from the 2810/2820 zone and looking for price to push higher into Friday (Feb 2).
My overall target is 2870 into Friday, Feb 2.
I don't think this is the beginning of the correction. I believe we will see another All Time High above 2900 before the 5 to 10 Percent correction kicks in over the next few weeks.
Enjoy and Happy Trading. I am net long ES Futures and SPX call options.
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