All eyes are on coming Fed announcement. Experts see a 70% chance of interest rate hike. Anyway, slowly, but surely S&P500 is moving to our final target near 3100. There is a double top on the daily chart and hopefully, it will help to get some pullback and reload longs at cheaper price. My strategy is very simple in the stock market – I buy the dips. Likely we can see a sell-off in October, but we will talk about it later. For now, let’s stick to longs.
Do you guys trade Lean Hogs? I hope so. Very nice Wyckoff accumulation in 4h chart. Besides, Hogs usually follows cycles. It suggests the rally is coming. My first target here is 80. To be honest, commodities are the best for trading in autumn.
Wishing you a great week!
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