CosmicDust

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

AMEX:SPY   SPDR S&P 500
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).
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