LiyouZhang

LiyouZhang

On technical side, SPY is forming a wedge and could go higher after the wedge breaks up. The upper bound trend line has been tested many times since 2009. The monthly chart is still healthy, all the Moving Averages are trending up and parallel to each other. So we could still see some continuation in the up move. On fundamental side, US economy has been waking...

LiyouZhang

The big picture of domestic economy is gradually waking up. The expectation of GDP is increasing and unemployment situation is getting better. The sector rotation makes "safe harbour sectors" like utilities surge. There could be another round of rally before May when Fed is expected to announce to raise interest rate. SPY is trying to make a wedge. Both candles...