S&P 500 – All Time Highs, Price Action Still Bullish | Jun 18th

S&P 500 – Makes All Time Highs
Gaining now for the fourth day in a row, the S&P 500 has made a new all time high, with an intra-day print of 1958, closing just above 1956. Generally this year, when the major US index has formed a new yearly high, there was a pullback before we’d print a new high, and I think that pattern will hold now as there is nothing in the price action suggesting a trend change.

Our Trade Idea: I’ll look for a corrective pullback to the dynamic support and daily 20 ema + support zone around 1927, which is also a role reversal level. Above this level, we’ll maintain a bullish bias and look for a touch on 1955 and potentially to 1975.


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Buddhist, Trader and Philanthropist

I'm Chris Capre, Founder of 2ndSkiesForex. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action. As a teacher, my passion lies in showing you how to re-wire your brain for successful trading. Want to improve your edge right now? Visit my Price Action Course page.

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  • pius powell

    action still bullish, but shorterm correction can’t be avoided