S&P 500 firmly back in 2009 rising wedge (5300-5600 peak)

12 thg 8, 2021

All of the fiscal stimulus has allowed the S&P to firmly regain the rising wedge pattern it started way back in 2009. As long as the government keeps the printing presses flowing and interest rates low, it looks like this rally could go at least to 5300 (another 20% or so), maybe even 5600-5700.

It is amazing when you look at like this. Investing during the COVID crash was really once in a life time opportunity. Great time to be a bull. Not so much for the bears.