Chartist4312

SP500 Q12016 outlook

Long
FX:SPX500   S&P 500 Index
The market has already calibrated mostly for the declining oil price. Energy sector not so big either in the S&P0.00% , accounting for 6,5% of the stocks . Stoch indicates oversold on daily chart . Marked has also re calibrated after the first initial rate hike and upcoming hikes is expected. Dollar might stay flat and rate hikes prolonged to avoid drop in oil price, which will further increase earnings. Last years Q1 have been quite strong, especially in 2012 after 2011 down trend. i am expecting an optimistic view of 2016 by investors and move towards 2100 again.

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