BATS:SPY   SPDR S&P 500 ETF
549 4 3
I was bearish before, but now I m bull , because this channel continues to be intact, and it just made a new high on May 3, 2013. I realize that even though the fundamentals are weak around the world, the Federal Reserve Bank will continue with their aggressive monetary policy. Thus, the market will continue to rise as long the Federal Reserve Bank is supporting this market. Regarding to the peak pattern from previous consecutive four years, this period is different , because we have the Federal Reserve Bank supporting the rally.
KevinT
3 years ago
Looking at the extend of the upmove, compared to the previous moves, ready for a retraction. However small it is.
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jmtbernardo
3 years ago
@KevenT, @Leclaireur, This is long term view, I'm not speculating the next move. I'm just stating that we continue to be in a bullish pattern nothing more or less.
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