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UnknownUnicorn1156963

Advance Decline Line did great job. What is next?

S&P 500 E-mini Futures (CME_MINI:ES1!)  
UnknownUnicorn1156963  
CME_MINI:ES1!   S&P 500 E-mini Futures
Trend Analysis Chart Patterns Fundamental Analysis SPDR S&P 500 ETF (SPY) spy500 spyshort S&P 500 E-Mini Futures es1 sp500index sp500future S&P 500 (SPX500) SPX (S&P 500 Index)
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trendanalysis chartpattern fundamental spy spy500 spyshort es1! es1 sp500index sp500future spx500 spx
Last week was hot for stock traders. As we discussed SP500 rallied a bit higher and was rejected. The Advance Decline Line did its job perfectly. I think the market can retest 3500 or higher and if rejected, we can sell for 3200. We still can see a big rally this year. Cycles and Fed Funds forecast indicate the beginning of an uptrend at the end of September. Besides, the stock market is usually strong before Elections. But for now, let's focus on very short-term trades.

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