BATS:SPY   SPDR S&P 500 ETF
150 0 0
Hello Traders!

The'res less than a week for the trading year to end, which gives us the opportunity to see things on a slightly larger scale than we are used to. The question that we're all asking is, what is 2014 going to be like for the stock market? Will the Dollar hold up better the next year? And the most important question of all, will Bitcoin be dominant as it has been for 2013?
In order to grasp the larger picture we took the Monthly SPY             chart, which lays the history of a 20 year price fluctuation.
There we can see the buds of the 2000 bubble, then growing exponentially to the first encounter of the 150 level. Following is the decline indicating the burst of that bubble. Back then we were so horrified looking back on that price meltdown, but we didn't even know what's waiting up next...Later we got the rally starting all over again, only his time it was called the Sub Prime bubble. It got up to the decade long $150 resistance, which eventually blocked the road and led to a crash in an even more violent and deep way. The burst was louder than the tech bubble, but the recovery was also much faster.
What happened next is quite a game changer, technically speaking. That 150 resistance level was much feared of. That was the unbreakable wall where the market bumped into twice, and eventually failed to breakthrough, it accumulated a great importance, both technically and psychologically. The breakthrough this year was nothing less than a dramatic development. The price continuation was remarkable, in addition to supportive volume . As a consequence, although the market experienced a great rally in the last 3 years, we simply cannot deny the strength the market shows us. So yea, we are Bullish for 2014!
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