Emini S&P Daily Cht Comment - Algo long
Yesterday i discussed the outlook for a trending move to the upside. I still think the best way to play will be short term trades versus the home run long trade. on stock twits i will post my tradestation charts showing some diff longer term models. I although the Algos have a strong $$ history I like to use them as a gauge of trend and then decide which trades to take and how. The current bull biased model is long from may 12, 2839 so up over 100 points and the algo trend (profit curve line in indicator is above blue so long trades are in "on" mode. I am looking for the S&P to pop today and the long to exit around 2980
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