Will US Indices melt-up?
Below is a LT monthly chart of the S&P500 (SPX).
So how bullish does this thing look then! Im blown away! The FED has won the Battle against the free market - but not the War. The outcome of the War has been delayed for a while longer yet. Maybe 6 - 12 moths before the free market gets control again. Perhaps only to be met with more QE or helicopter money delaying the inevitable. Who knows.
All I know is that this is a significant +ve change in momentum over the past few months and this chart has the potential to be VERY bullish going forward. Trade what you see. DYOR.
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S&P 500 Price Action (SPX), page-15
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Last
2,958.8 |
Change
17.070(0.58%) |
Mkt cap ! n/a |
Open | High | Low |
2,958.8 | 0.00 | 0.00 |