All systems are a “GO” for swing-trading this week.
That is, as long as 2801 holds on SPX, because that is a key level of support that, if breached and closed below, will send the market back into a non-committed area on the charts, where price tends to languish, or as the dating world would call it, the “Friends Zone!“
So we don’t want that – we want a bigger commitment from the market moving forward.
We want a long-term commitment.
And the only way it does that is by SPX remaining north of 2801. Otherwise, we’ll have to go searching for greener markets.
Here’s the bullish watch-list that I am trading this week. Plenty of high quality trade setups, so feast your eyes on one that meets your standards and have at it.