Here I Go Again

Let's just cut to the chase shall we.

Earlier this week, much like I said in August when the market was in "Turmoil"  the stock market was ready for fresh record highs.  I even mused they would come quicker than most anyone would expect.

And here we go again.

This morning S&P500 futures came within a few points of tapping fresh new highs.  Imagine that.  We've had so many excuses to sell, how could this be happening?

After the break over $SPY $294, the market has grinded its way higher, putting the key $304 level in focus for SPY.  Thats the dreaded megaphone top trendline.  Of which we will likely meet heavy resistance.

I think the odds of getting there, possibly as soon as today, are very good.  From there a break higher will negate yet another bearish formation.


Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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