S&P 500 Topping Update: Chasing Is A Dangerous Business

S&P 500 Futures Overview

The S&P 500 continues to march upward to new record highs and unchartered territory.

BUT this is not the time to join the euphoria and to disregard your risk management techniques. The current price of 2350 is only 50 points higher than my projected target discussed in my last video.  And no one wants to get caught holding the back at a stock market top (near-term or intermediate-term). It’s always best to wait for the market to come in and find your price zone.

The video below breaks down the current price trend of the S&P 500 (INDEXSP:.INX) and offers insight into a key subject that all traders need to know about: the psychology behind staying true to your process.

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Here are key price levels to watch:

  • 2364.50
  • 2317.50
  • 2270.50
  • 2233.00

 

S&P 500 Update – No Need To Chase, Market May Be Topping  (VIDEO)

 

 

Thanks for reading.

 

Twitter:  @MaximusAnalysis

The author does not have a position in any of the mentioned securities at the time of publication.  Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.