YaKa

SP500 - The Bullish Case

FX:SPX500   S&P 500 Index
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SPX is on key resistance that would hold if the market was left to its own destiny.

But Draghi may unfold his long awaited QE .

If so, SPX may be subject to a forced breakout that may reach 2140 by year end.

That would make the current rally an 18% / 10 Weeks rally - VERY SHORTABLE against May13 Top to top line in logarithmic. It would be a 3% announcement forced excess.

that would "surely" give rise to a decent correction towards 1950 after which SPX may climb more harmoniously to 2220 by Jul15.

This is the bull case.

Note:
1- Draghi may just kick the can and the market may not like it.
2 - Drahi may announce and the market sell the news.
I wish Tradingview.com can have quarterly chart feature soon
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No sellers, no one dares to sell and go against "PRINT" button from Fed :-)
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YaKa jangseohee