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Don't Be Short The S&P 500


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S&P 500 Futures---The S&P 500 in the September contract finished up another 7 points at 2933 continuing its bullish momentum reacting positive off of the Federal Reserve's announcement that they did not lower interest rates, but they certainly are supporting the U.S economy and the stock market as it does not look like they will raise rates anytime soon.

The S&P 500 is trading above its 20 and 100 day moving average as the trend is higher as I will be looking at a bullish position possibly in next weeks trade as I'm just waiting for the chart structure to improve, but if you are long a futures contract stay long as I see no reason to be short as all time highs should be reached in my opinion very soon.

The 10 year note yield currently stands at about 2.06% as I have a bullish recommendation in that market as that has definitely helped push stock prices higher as lower interest rates coupled with an excellent U.S economy is the perfect soup to push prices to all-time highs as I see no reason to be short this sector.

TREND: ----HIGHER

CHART STRUCTURE: SOLID

VOLATILITY: AVERAGE

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 www.seeryfutures.com

TWITTER---@seeryfutures

FREE TRIAL FOR THE LIMIT UP COMMODITY NEWSLETTER

Email: mseery@seeryfutures.com

If youre looking to open a Trading Account click on this link www.admis.com

There is a substantial risk of loss in futures and futures options. Furthermore, Seery Futures is not responsible for the accuracy of the information contained on linked sites. Trading futures and options is Not appropriate for every investor.



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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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