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Following up from my last post, the S&P 500 has been halted within the uptrend channel, once again maintaining the integrity of the channel. While the sentiment of the uptrend is not exactly at the stage of exuberance, it is still strong nevertheless, creeping up slowly and steadily. This means that it has a good chance of heading for the next level of resistance.
This is a good example of the “trend play”, one of the seven setups which I will be covering in tomorrow’s free seminar. I will also be giving an outlook on the Singapore markets, so do drop by tomorrow after work if you’re free! https://synapsetrading.com/the-synapse-program/preview/