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Published on Aug 18, 2016
The
S&P 500 fell initially during the course of the day on Thursday,
but turned right back around to form a bit of a hammer for the session
on Thursday. The Wednesday session formed a massive hammer as well, so
having said that it looks as if the market is ready to go higher over
the longer term. This makes sense, because the interest-rate environment
in the United States is very poor, and that of course will more than
likely facilitate people going into stocks overall anyway. There has
been a significant move higher recently, and all the noise just below
should continue to be very supportive.
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