S&P 500 Higher 3rd Day In A Row

S&P 500 Futures---The S&P 500 in the December contract is currently trading higher for the 3rd consecutive session up slightly at 3097 higher by 2 points as the volatility has come to a call over the last week as we are entering the holiday markets when volatility generally is subdued.

For the bullish momentum to continue prices are going to have to break the November 12th high of 3102 as I think that could possibly happen in tomorrow's trade as I've been recommending a bullish position from the 3006 level and if you took that trade continue to place the stop loss under the 10-day low which now stands at 3063 as the chart structure is outstanding.

The S&P 500 at the current time is the strongest trend to the upside as prices are trading far above their 20 and 100 day moving average as I still think there's a possibility we could trade at the 3200 level come Christmas time as I see absolutely no reason to be short this market as money flows continue to come out of many other sectors and into U.S equities so stay long.

TREND: HIGHER

CHART STRUCTURE: EXCELLENT

VOLATILITY: LOW

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