quantguy
Long

S&P Gains Momentum

SP:SPX   S&P 500 Index
From low interest rates to more quantitative easing all over the globe from Europe to China to Brazil, fundamentals really boosted SPX             last week. It absolutely crushed the upper levels, set by both the relative highs and by Fibonacci analysis. Monday, RBA minutes come out, and assuming they are dovish (which they have no reason not to be), we can expect SPX             to hit 2090 easily.

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