Nothing can stop this creeping bull market – at least, not yet.
Here’s today’s updated Emini (@ES) trading levels for your trades:
Price again broke out of our short-term simple trading range between 2,380 and 2,390, resulting in a new high.
That’s not just a new 52-week high but a new all-time/lifetime high for the cash S&P 500 (NYSEARCA:SPY) Index this morning.
Buyers gapped the market higher, trigging our breakout thesis above 2,390 that had us targeting 2,400.
Members knew this level in advance and here we are, into our 2,400 target.
Frame your future trades in terms of the “departure away from” 2,400.