SPX confirmed his BreakOut this week
I am thinking the chart is speaks for itself. After 6 false new all-time highs (2015 & 2016) we experienced meanwhile the 9th new all-time high weekend :) And this after 2 major political events this year 2016 !!! I am personally something twisted:
How ever,
prices above 2195.0 are suggesting and still new all time highs above this week closed. Even `cause this week candle even only confirms that the market is trading the future and don`t care about BREXIT or even US ELECTION any more. And from this point of view, on the whole, i am pretty optimistic - also beacuse no one is euphoric !!! No euphoric buying mania like 2000 or 2007 !!! Rather disbelieving - and that`s one more outstanding a good fertile soil to reap some earnings in the next weeks further ...
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
Best regards
Aaron
I am thinking the chart is speaks for itself. After 6 false new all-time highs (2015 & 2016) we experienced meanwhile the 9th new all-time high weekend :) And this after 2 major political events this year 2016 !!! I am personally something twisted:
- "Are the market so strong ???" (proudly 55.2 Points or 5.65% above old all-time high)
- "Are the market so strong ???" (but only 55.2 Points or 5.65% above old all-time high)
How ever,
prices above 2195.0 are suggesting and still new all time highs above this week closed. Even `cause this week candle even only confirms that the market is trading the future and don`t care about BREXIT or even US ELECTION any more. And from this point of view, on the whole, i am pretty optimistic - also beacuse no one is euphoric !!! No euphoric buying mania like 2000 or 2007 !!! Rather disbelieving - and that`s one more outstanding a good fertile soil to reap some earnings in the next weeks further ...
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
Best regards
Aaron
Only round about 5.55% above of last years all-time highs :agree:
Is the rally over before it starts ???
And what was this at year start - between february & april (after selloff) ???
MEGA EUPHORIA - ultimately +-0% ... (3), (4) & (5), (6) in chart above
Let us wait and see - i can`t put it in a plausible context :)