S&P 500 IndexLong
Buy SPX on rumor of debt ceiling resolution.
Levels I am looking to buy 10/15/2013
the 0.125 is at yesterdays NY close, if this level is still holding by NY open, price could keep on rallying. Next levels I am looking at are the support zones.
I believe this market could keep on heading higher on the belief the US debt ceiling will be resolved.
If the market keeps on rallying on rumors of a debt ceiling resolution, we could see the market spike into a new high on the announcment of a resolution into thursday friday, making a new all time high, then see another pulllback to enter the trend to go long.
the 0.125 is at yesterdays NY close, if this level is still holding by NY open, price could keep on rallying. Next levels I am looking at are the support zones.
I believe this market could keep on heading higher on the belief the US debt ceiling will be resolved.
If the market keeps on rallying on rumors of a debt ceiling resolution, we could see the market spike into a new high on the announcment of a resolution into thursday friday, making a new all time high, then see another pulllback to enter the trend to go long.
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