Correction - Mean Reversion Expected -
The descending channel on the image below best explains how I see the S&P 500 index. The index certainly seems to be bullish in the longer term to me. I therefore see a bull market having just exited from a descending tunnel which was part of its recent correction. To add to that the market has also not fallen below its previous lows so I think it probably won't. Now therefore seems like a good time to go long.
Call: Long @ 1,631.65 stop loss @ 1,614.00
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