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This Is The Next Big Level On Watch…

Markets reversed higher on Thursday with a large amount of follow through Friday in a positive sign for anyone long the market right here. This coming week will be all about how long can the market push in this direction before a pullback occurs.

The S&P looks to be in a the midst of a well-defined upward channel that has bounced just under the lower trendline. This points to SPX making a run back to 4100, which if cleared likely means new bear market recovery highs.

Be sure to watch the video below for the full market outlook.

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Good Luck!

Christian Tharp, CMT

I am an expert stock market coach having helped over 4000 beginner and advanced traders & investors from around the world take control of their financial futures. I also write stock market related articles for the Adam Mesh Trading Group. My Chartered Market Technician (CMT) designation substantiates me as an expert in areas such as the technical analysis of stock trends, market indicators, cycles, price patterns, Elliot Wave principles, Candlestick charting, analyzing financial trends and behaviors, portfolio strategies, and forecasting future price movements. With my straightforward approach to simple, systematic trading, students learn how to strategically assess buy signals and market entry timing, establishment and management of stop losses, and how to employ a simple and disciplined trading approach that creates profits.

This post was originally published on Wealthpop