S&P 500 rallies during the Wednesday session

The S&P 500 has rallied a bit during the trading session, after initially pulling back towards the 2750 level which had been resistance. That area should now offer support, and I think that the market will probably continue to go towards the 2800 level, and then possibly even the 3000 level over the longer-term. I think that the longer-term traders are continuing to add to their positions, and I think we are most certainly in a very bullish trend. I understand that there is a lot of concern out there, but in the end we are in and uptrend, even though we have seen a major pullback as of late. True, volatility is back but that’s not necessarily a bad thing.

With volatility being part of the situation again, then you need to use money management. It’s that simple. It’s not really the trading is any different, you just need to be more cognizant of how big your trading position is. The CFD markets are a great way to play this market, as we continue to see the possibility of going much higher. In general, I like the idea of buying the dips along the way, as it gives us an opportunity to pick up a little bit of the market on the cheap. Even if we do pullback, I’m not interested in shorting.

S&P 500 Video 07.06.18