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Published on Sep 5, 2016
Obviously,
the S&P 500 didn’t do anything during the day on Monday as
Americans and Canadians step away for the Labor Day holiday. However, we
recently seen this market go sideways for some time now, and it looks
as if we are trying to build up enough momentum to continue going
higher. A pullback from here should find plenty of support near the 2050
handle, and as a result it’s likely that the market falling is simply
going to be an opportunity to pick up value and a market that I think
goes higher due to interest-rate expectations being so low. With this,
it’s likely that we will try to reach towards the 2250 level given
enough time and I do have that as my target going forward.
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