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Published on Nov 10, 2016
The
S&P 500 went back and forth during the day on Thursday, forming a
slightly positive candle. It appears that we are getting continue to
grind higher though, and after the massive hammer that formed on the
Wednesday, I believe that the market continues to go higher over the
longer term. After all, the reaction to the election and then the
consequence turn around was a huge vote of confidence for the Trump
Administration. With this being the case, I think that every time we
pullback Start looking for value and supportive candles at you can take
advantage of. I believe that the 2120 handle below is massively
supportive, and that we will continue to use it as the “floor” in the
market.
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