Early on this morning, the market acted like it may want to bounce off of support in the 2087-2102 range on SPX. That is in doubt at this point as the market quickly erased the morning bounce off of the lows from this morning. It is hard to say where this market truly wants to go at this moment. Come Wednesday you have a FOMC meeting and presser that with the right words could blast the S&P 500 to new all time highs within a few minutes. Or she could say the wrong thing and put us back on course for a correction again like we saw earlier this year.
Nonetheless, I have put together my list of long setups I am watching this week. Be careful with loading up the portfolio too fast with them. Take what the market is willing to give you for now and be happy with it.
Here’s the bullish watch-list:
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