-
Published on Sep 15, 2016
The
S&P 500 initially fell during the course of the day on Thursday,
but found enough support below the 2120 handle to turn things back
around and form a positive candle as we continue to see this market back
around this area. Most importantly though, we did break above the
shooting star from the session on Wednesday. By doing so, I think we are
starting to show real support in this market, and as a result I think
we will continue to go much higher. This is a market that should then
reach towards the 2200 level, and then possibly higher than that. This
is a market that shows a massive amount of support below, and as a
result I think that the only thing you can do is buy, but we could
continue to see quite a bit of volatility in the short-term.
No comments:
Post a Comment