Dear Friends,
Last week saw the SP500 price overtake its previous max.
The move was strong enough to let the RSI percentage to climb higher than the previous relative max as well.
This doesn't allow much room for doubting the strength of the trend. This trend is strong anche it doesn't show any signs of change.
I will keep an eye on investors sentiment and wait for a shift from BEARISH to BULLISH as that could be the first indicator of a possible change in direction.
Until than I will accept that we will probably keep on growing.
Last week saw the SP500 price overtake its previous max.
The move was strong enough to let the RSI percentage to climb higher than the previous relative max as well.
This doesn't allow much room for doubting the strength of the trend. This trend is strong anche it doesn't show any signs of change.
I will keep an eye on investors sentiment and wait for a shift from BEARISH to BULLISH as that could be the first indicator of a possible change in direction.
Until than I will accept that we will probably keep on growing.