Having a look at the weekly chart on SPX there seems to be a bullish flag now forming on the charts which means technically 1500 - 1510 is the possible upside target now. The first objective would be the 1460 - 1470 level. So we will just wait and see.
Once we break the upside resistance we could be off to the races. But no need to get carried away, and just take it each day as it comes. This chart after the holidays, and with the massive action today, is again looking quite nice, and again room to move on the upside.
 |
| bullish flag |
WHAT IF YOU KNEW WHICH WAY THE MARKET WAS ABOUT TO MOVE BEFORE IT HAPPENED? CLICK HERE To Join Our VIP ELITE GROUP -- FREE 10 Day Trial Offer Today!
No comments:
Post a Comment