Friday, May 27, 2016

S&P 500 - Base Building



I believe the S&P 500 has more upside to come. It looks like the index is building a lego stack brick by brick with a strong base consistently form as certain level in the 5 minute chart. I am bullish on the S&P 500 in the near term and I expect it to break through a new high above the previous high of 2105.25 in the futures market. Mini selling will be expected first before a record high will be seen. Let's see.

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Ronald K - Market Psychologist - A Stock Market Opportunist