Contrarily Yours

SP:SPX   S&P 500 Index
Stoch in overbought zone and price nearing Kelter top boundary. Previous retracement (V to c) was 127 points over 33 days a similar retracement should see the index at 1532.

Anyway a side note if Ben decides to do continue the QEen's chime, (hyper) inflation fears could see 10 year yields (aka interest rates) rise further. On the flip side if the QE is laid to rest is face of "US recovery" the best buyer of Treasuries will be out of the market and the yields (yes interest rates) will rise.

We all know what rising interest rates do to asset prices...Are we there yet? I Dunno.


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