CosmicDust

SPY monthly chart update - bullish - 3/18/2015

AMEX:SPY   SPDR S&P 500 ETF
spy
142 0 3
spy
Today's Fed minute IMO is a game changer, as they lowered inflation expectation meaning rate hike will not happen any time soon. So in next several months I think we will see market rise rapidly to $250 region (may go parabolic as last phase of bubble). Expect many Fed officials will be keeping talking about raising rate (like what they did last two months) but those are just noise as Yellen already showed us her cards (her true intention).

For technical confirmation we will need to see MACD turns positive and RSI breaks out the downward blue channel. But I think we should see them very soon (either by the end of this month, or next).
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out