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US Markets - Buy setup in the S&P 500 Emini
Cerundolo Investment Research
US Markets Update
Volume 5, Issue 29
December 16, 2021
Items of Interest:
I was out all day for medical related issues and unable to get any timely ideas out. The setup in the Emini looks very good as the index pulled back and held at the channel support line. On another system we use, which is a mechanical trading algorithm, we have a buy setting up now, and it will trigger with a move above 4589. Given where the index is, we would get long here and add on a move above 4589. Look to cover shorts that are very oversold.
