The last two mini-rallies indicates the weekly 28SMA was the SP500's resistance. Observing the valuations, sentiment and level of under investment we should get there again. (Personally I think we should breach the resistance and re-test 1200, but I will re-evaluate when it gets to the 28SMA of the weekly chart.)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEicjPiLyKrR3Z8nOtChTzyMIPwstMAbFgCeSVyHMU6Qduc6Dno5LYlim2UXDGueaYglesBg9_XZAVLn1L02kX7sRZNpxFfKO4MWrckWkGELIYORerervcdWfroUjbMd8KBLi4qiEncZZlU/s400/spwkly.png)
No comments:
Post a Comment