The US has been in a sideways trading pattern for over 2 years and is finally breaking out of it.
Trump will be reducing company taxes and commencing a massive spending/infrastructure binge.
The FED raising rates and US consumer confidence climbing to a 15 year high!
Lots of commodities showing bullish supply/demand ratios.
Lots of fund managers missed out on the Trump rally. Volumes haven't been excessive. There are lots waiting to buy any meaningful pullback.
The next 6 months look solid to me. That is a basic analysis but sometimes simplifying things and looking bigger picture helps.
The US has been in a sideways trading pattern for over 2 years...
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Last
7,783.0 |
Change
-55.800(0.71%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,838.8 | 7,838.8 | 7,750.5 |
| XJO (ASX) Chart |