Wednesday, November 11, 2015

S&P 500 Final Half Hour Up Call Out

(^GSPC, INDEXSP:.INX, NYSE ARCA: SPY, ESZ15.CME, $ES, $SPY); By Chaim Siegel of Elazar Advisors, LLC; Prices Quoted in S&P 500 EMini Dec Contracts

We think there is a good chance for an up move the final half hour into the close.  Because of the 2074 support it could always happen sooner but, in either case, we think the last half hour can be good today for an up move.

We wouldn't want to buy ahead of that time because of the crosscurrents of a wanna-be down move against a strong support.

We said earlier, we're on the sidelines because of earlier profits but we just wanted to call it out.


PRICES QUOTED IN THE ES EMINI DEC CONTRACT
#in, #s&p500, #stockmarket, #bestideas, nyse arca:spy
Disclosure: We may be trading S&P ES Dec in both directions at various times in the day
Disclosure: We may implement other price targets than we initially post on this site.
Disclosure: These trades can lose you money and principle especially when using leverage
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