Wednesday, November 11, 2015

S&P 500 Market Can Close Above Current Levels

(^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

Even the market has gone passed our initial profit limit, we are ok with that.  We had a nice early trade.  We think there is a good chance today that the market can close around or above 2074, which is currently higher than current levels.  We don't have a trade for it right now given the market is in a down trend, but for us today is not a day to short below 2074.






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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