The S&P 500 has hit the long entry zone we mentioned on the 8th November. At this stage it is a “riskier than usual” trade as the SPX index is certainly capable of hitting the bottom of our potential channel at around 4605 tomorrow or 4610 on Friday.
A significant breach of 4600 would give us cause for concern on this long entry – although we do ultimately believe there will be another push up on this Index before the end of the year.
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