DanGramza

A confident Friday close

Long
CME_MINI:ES1!   Futures E-mini S&P 500
The price action that were seeing in the S&P 500 on Friday with a positive close implies that people are willing to hold long positions going into the weekend. This implies the expectation of prices continuing higher on Monday. The next objective would be 4610 to 4615. We are extended levels and must be cautious. However, it appears that buyers are willing to support this market and follow through to the upside would be expected.
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