Trump Trend S&P500 emini futures has been on a trend since Trump has been nominated as President.

The Trump trend in the S&P500 emini futures reached new all time highs on Friday. This week we are looking at a very volatile news week with the Federal Reserve speaking on the raising of the interest rates.  Whether the rate hike is priced into the market we shall see.  It would be a surprise to see no rate hike, and could be a statement to the white house about the Fed’s continued role under the Trump administration.

Trump Trend has broken through the major resistance

The S&P500 e mini futures has broken through the resistance at 2232.75 and heading for the resistance at 2285.  2180 was a key support on this move up and the retracement after the election gained firm support with increasing buyer involvement giving an “un-presidented” precedent-ed 6 day rally. The high end on daily uptrend is 5 days with out a close lower.  So we shall see if this continues into the week.

The 200 MA is 2103, and a correction would put the markets at 2034.  Watching price action here to see if large buyer participation will cause capitulation in this move.

Lots of news, be careful of the volatility and manage your risk first.  Federal Reserve interest rate hike on Wed.  Will it be another surprise? or will the Trump Trend or Trump Rally continue?