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S&P 500 Breaks 2600 !

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S&P 500 Futures--- The S&P 500 in the December contract is up 7 points on this Black Friday continuing its bullish momentum which does not surprise me as the holiday markets are generally very bullish prices as I see this trend continuing throughout the Christmas holiday in the month of December so continue to stay long while placing the proper stop loss as a top has not been created in my opinion.

The S&P 500 settled last Friday in Chicago at 2576 while now trading at 2601 and if you have followed any of my previous blogs you understand that I think 2700 is coming at year end as this trend is incredibly strong as I see no reason to sell.

If your long a futures contract continue to place the stop loss on closing basis at 2562 as the chart structure will start to improve in 4 days therefore lowering the monetary risk as prices are still trading far above their 20 and 100 day moving average as I still see a bullish trend in 2018 as well especially if the Senate confirms the tax cuts which the House of Representatives has already accomplished.

Corporate earnings continue to fuel this market higher as I think you will see some excellent sales numbers coming out next week stating that Black Friday could be another record so stay long and use the proper stop loss as this gravy train continues.




If you are looking to contact Michael Seery (CTACOMMODITY TRADING ADVISOR) at 1-630-408-3325 I will be more than happy to help you with your trading or visit

Skype Address: mseery TWITTER---@seeryfutures



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About the author

Michael is the sole owner of SEERYFUTURES.COM which is a commodity futures and options consulting, advisory, and educational firm.

Michael frequently appears on multiple business networks including Bloomberg News, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He also writes market commentary for several commodity websites and is interviewed for commodity comments by the Wall Street Journal. He is also a guest on First Business, which is a national and internationally syndicated business show.
Michael started his career in 1990 at the Chicago Board of Trade as a runner. He soon worked his way up to becoming a Series 3 broker. He works with seasoned traders as well as novice beginners educating them on trading the futures markets as well as using simple and complex option strategies. Michael covers all markets including grains, metals, energies, and all other futures markets that are traded.
To Michael the biggest lesson any trader needs to learn is risk management. Michael believes this is the most important factor in trading. He also works with traders to help them determine the proper risk for their trading style. Michael has spent a lot of time educating his clients to help them understand trading strategies and trading techniques while enjoying spending quality time with customers going over the markets or just talking general trading philosophies.

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