All posts by itsgold

April 8 – 12 Weekly Review

Bullishly, the S&P 500 weekly is showing another close above the upper keltner line, above the 2007 high  and it also closed above last week’s range. This week also closed above the opening range for the ESM3 contract, which was 1558.75.

Until I see signs of weakness, my outlook remains bullish.

 

March 18 -22 Weekly Review

The market continues to show strength, although momentum has waned quite a bit. Even though I am bullish on the market, the risk/reward for opening new longs here is unfavorable. Until I see signs of weakness, my weekly outlook remains bullish.

On a related note, the opening range for the ESM13 contract is between 1558.75 – 1529.25. The pivot range is 1551 – 1544.