SPX 500 LONG TERM, IS TREND YOUR FRIEND?
No question about the ability to Ms. FED to flood the market with liquidity coming from thin air... but that's a long success story.
Even his Mr. the President had his impact with his behavior that at least is not so predictable.
Now what? the rebound has gone very far, both SP and NASD even more.
Will we be bearish? NO
Will we be cautious? YES
The rebound went up a bit too fast and the area 2939-3024 is a strong resistance... what about a rising wedge?
Support @2850...don't wait to sell if you see it broken and get back @2700.
Marco
Even his Mr. the President had his impact with his behavior that at least is not so predictable.
Now what? the rebound has gone very far, both SP and NASD even more.
Will we be bearish? NO
Will we be cautious? YES
The rebound went up a bit too fast and the area 2939-3024 is a strong resistance... what about a rising wedge?
Support @2850...don't wait to sell if you see it broken and get back @2700.
Marco
Marco Mottana
cfx-finance.com
cfx-finance.com
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