My weekly suggested trade this week is a double touch on the S&P 500.

Although last weeks rally was impressive, and there are tangible signs of a volatility decreasing, it is highly unlikely that it will be plain sailing from here. Were still in bear market territory, so pullbacks after rallies such as we saw last week are quite likely. In the short term, the market could pull back next week, December stands a good chance of finishing higher as a whole. A double touch returns a profit, if both a higher and lower target are hit within the timeframe. A double touch on the S&P500, predicting that it will touch 880 and 950 in the next 29 days, could return 192%.

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