S&P 500’s next move ?

  • Looking at the chart, we can say that the key resistance level has now turned into the key support level.
  • The 20d MA will also be tested as a support
  • Given the improvement of the US economy and solutions being worked out for Ireland, only the inflation worries in China can drag SPY further down.
  • I m counting on a further rise, after this healthy correction

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s