-
Published on Sep 6, 2016
The
S&P 500 initially fell during the course of the day on Tuesday, but
then bounced enough to form a bit of a hammer. The hammer of course is
bullish, and we have been finding buyers every time we pullback, and
with that being the case I believe that we will eventually break out to
the upside. I have a target of 2250 given enough time, and believe that
selling is something that cannot be done. After all, stock traders are
now starting to think that we are not going to be seeing a large amount
of interest-rate hikes, so that of course drives up the value of the
stocks in America as bond simply will not have a return.
No comments:
Post a Comment