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2,958.8 standard & poor's 500

S&P 500 Price Action (SPX), page-16

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12,659 Posts.

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21/08/16

20:26

Post #: 18570149
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Originally posted by Jagster Trading ↑

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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It's a megaphone pattern, it will collapse before October.
1 Upvote

0 Great analysis

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