Chicago Mercantile Exchange " Bell Curve Parabolic "The Chicago Mercantile Exchange,(CME)
the leading futures and options trading exchange in the United States
has seen it's stock rise 500%,...
during the last 7 years, from 40 in 2012, to a Close of 205.96 on 12/6/19
The stock as seen with the 3 Bar Indicator is currently in a "parabolic bell curve" advance,
that leaves very little margin for error on the downside.
You will note by the stock chart of CME that a stock in this kind of advance,corrects very little along the way.
CME is "anticipatory in nature, so it is always trading 6-9 months out in anticipation
and it continues to reinforce the strength, of the continuing bull market for stocks.
Keeping in mind that a stock in a parabolic advance can go a lot,lot further than most expect.
Traders should watch the $200 level in CME for important Support.
An very bullish upside target for CME to $400 a share,should not be ruled out,
due to the parabolic nature, of the 7 year ongoing advance
CME Last 205.96
THE_UNWIND
12/9/19
NEW YORK
