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Published on Sep 22, 2016
The
S&P 500 rallied during the course of the session on Thursday,
grinding its way into the resistance barrier above. I believe that there
is a significant amount of resistance above, so quite frankly we could
pullback but that should be a bit of a “value” type of trade in my
estimation. After all, we are starting to see that the low interest-rate
environment should continue to go much farther into the future. With
this being the case, I feel that there is plenty of bullish pressure
underneath because the bond markets simply are not going to offer any
type of return at this point as far as interest is concerned.
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