Web Statistics spx update

Monday, 2 December 2013

spx update

spx update

While many out there are calling a top, you have to remember we are in the midst of a bull market. It would take a market crash or a heavy sell off to see the start of a bear market or a nice market top.

There are no catalysts out there right now to move this market, but that does not  mean there is NOT some sort of catalyst coming. Infact we are due for one, and the longer the govt keeps printing money the worse things will be for the dollar and the market when the shit hits the proverbial fan somewhere down the track. But for now the market is holding.

Right now the S&P is in a skinny upwards channel that has not been broken, as you can see on the chart below, since OCT the market has been doing quite nicely, and now leading into December the smart money will work its way out, and we do not expect too much volatility.


spx update
spx update



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