This week has seen the S&P 500 make new record highs, which is far from what many investors
expected to see during the middle of the global pandemic in March.
The previous all-time high at $3393 set back in February, was holding strong last week as we
witnessed the buyers trying to claw its way above this level without success.
Price has been sailing higher for the past 11 years after a support level, just above $600, was formed and
since then this index has risen a staggering 411%.
With the markets recovering so fast following the 35% decline in just a matter of weeks during February
and March, price may well just continue on from where it left off and continue to create new all-time highs.
We are seeing stocks such as Apple and Tesla performing really well and with the S&P looking bullish
once again, we should continue to see many more stocks follow suit.
When we see bullish activity, there is the possibility of feeling overwhelmed from an influx of strong
trending stocks, so we must always remember to only look for the high probability opportunities
in order to stack the odds in our favour.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
expected to see during the middle of the global pandemic in March.
The previous all-time high at $3393 set back in February, was holding strong last week as we
witnessed the buyers trying to claw its way above this level without success.
Price has been sailing higher for the past 11 years after a support level, just above $600, was formed and
since then this index has risen a staggering 411%.
With the markets recovering so fast following the 35% decline in just a matter of weeks during February
and March, price may well just continue on from where it left off and continue to create new all-time highs.
We are seeing stocks such as Apple and Tesla performing really well and with the S&P looking bullish
once again, we should continue to see many more stocks follow suit.
When we see bullish activity, there is the possibility of feeling overwhelmed from an influx of strong
trending stocks, so we must always remember to only look for the high probability opportunities
in order to stack the odds in our favour.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
