DanGramza

Buyers are present in the S&P 500

Long
CME_MINI:ES1!   S&P 500 E-mini Futures
The price action on Tuesday and the strong close indicates that buyers are present in the S&P 500. We also have data on Thursday and Friday that could provide a stimulus for this market to move higher. On Wednesday, I'm looking for an inside the slightly higher movement and for buyers to remain in control. With this type of structure, it would typically require shock news to cause this market to fall apart.
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