Dean Jenkins provides a weekly market outlook for the week of 8/29/16. S&P 500 futures may be setting up for a pullback in the long-term bullish trend that’s developed over the past few months. On a 60 minute chart, there may also be some short-term pullback opportunity as price leaves resistance levels.
Dean Jenkins is the founder of FollowMeTrades.com. He has over 20 years of investing and trading experience and makes his living both day-trading futures and position trading equities and options. He is TradersCoach.com’s “Head Coach” for their one-on-one coaching division and consults with traders all around the globe helping them reach their financial goals.
This website is for educational purposes only. Futures, options, and spot currency trading have large potential risk and traders should be well-educated before putting real money at risk. You must be aware of the risks and willing to accept them in order to invest in all markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to buy/sell a futures contract or currency.