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One Rotation Could Put the S&P 500 at All-Time Highs

One Rotation Could Put the S&P 500 at All-Time Highs

Plus, how we're handling CRWD, TSLA, BA and more.

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Future Blue Chips
Nov 15, 2021
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One Rotation Could Put the S&P 500 at All-Time Highs
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In a word, the last two-day sequence has played out incredibly well. After a monstrous run off the October lows, we were looking for a few days of rest. The move was simply unsustainable and for those looking for a strong finish to the year, they knew we needed a rest. 

On Wednesday we had the reset move to the 8/10-day moving averages. Thursday didn’t quite result in the rally many were looking for, but we had to be patient and remember that it was Veterans Day, which resulted in a bank and bonds holiday — AKA it was a sluggish day in the equities market. 

Friday was the follow-through day and now bulls are firmly back in control. In other words, we’re aligning with the long side until proven otherwise. What gets us there? 

For non-futures traders, this logic can simply be applied to the SPY or SPX, and the QQQ or the Nasdaq. 

We would turn less bullish if…

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