SP500 is building to squeeze out the sellers and kick higher

Potential Buy Alert

 

SP500 Index

Index : SP500 Index

Current Price : 2436

Status : On watch for a short squeeze

The SP500 Index is in a great area to put pressure on the sellers to squeeze them out and move higher. We see the potential now after recent selloffs to hold above the minor anchor at 2407 for a continuation trade into new highs. The recent selloff has dragged in fresh sellers as they anticipate a high but they may just end up being the fuel to move the Index higher. Time now to sit back and watch for a buy entry setup.