US ECONOMY, SP 500 EXPLOSION

/ES SP MINI FUTURE CONTRACT 3YEAR WEEK CHART

Welcome back traders! Last trading day for me was red (-80) bucks trading the Nasdaq future. Today, although I was not able to trade, was a fenominal one. The major market indexes have closed just points away from making new highs.

Say what you will, but so far under President Donald Trump the economy is booming. The growth we have seen in the last couple years has been unprecedented. Earnings reports for US companies has shown positive results. Looking deeper, it means that people have more money to spend and it is adding to the US economic bottom line.

What can we expect moving forward?

If the SP is able to break into new territory within the near future the sky is the limit. I must say out of the several years I have been in the markets, what I am seeing in the charts right now is profound.

My current market ideas!

I may consider buying into the indexes in expectation that we will see new highs, and In my personal opinion…….I dont think I will be alone. When we do break out of technical levels moving forward the buying will be big. ( remember this is the opinion of THEFREEDOMGRIND) before making an investment you must do your own diligence and make your own decisions based on your risk tolerance.

2 Replies to “US ECONOMY, SP 500 EXPLOSION”

  1. Slca, dead cat bounce? You’re thought?
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    1. Today in general will be a difficult trading day! I wouldn’t force any trades but would be patient due to the FED meeting! will see choppy markets unitil the Fed speaks on interest rates! SLCA, its hard to say could go either direction though I personally don’t see any reason for it to make big moves in any direction!

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