Hello traders,
Hope you had a great holiday and are back up on the grind for this week.
This week we are looking at another continuation by bulls to wrap up the year.
This week we have sparse economic data with initial jobless claims coming on Thursday.
Looking back into the last two months, this was an excellent trade idea that resulted into $5 net credit to $480 credit (possibly infinity percent gains). I sincerely hope some of the readers took the trade.
We still have one week left from our August prediction to reach 4846 on SPX. Will it happen, only time will tell.
Weekly Levels: