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Friday, 5 August 2016

S&P 500 Technical Analysis: 5 August 2016, Friday, 3.50pm Singapore Time

S&P 500 Technical Analysis: 
5 August 2016, Friday, 3.50pm Singapore Time 

Attached above is the S&P500 Index Weekly Chart reflecting the current state of the US Stock Markets:
Plenty more of bull rally to come in worldwide financial markets with US continuing to lead the way.
Many people worldwide are bearish of financial markets right now, with many traders even shorting and expecting a crash soon. Bears will be betrayed by the markets big time in 2H-2016 and 2017. Bears and short-sellers will be slaughtered without mercy in 2H-2016 and 2017 as per warned in end-2015 and in early part of 2016.


2 comments:

  1. What the point if our sillypore exchange cannot even vault over 3000? Hope that rally can fuel a rally here.

    ReplyDelete
  2. Singapore market and the Straits Times Index will rally. 4000 points psychological resistance is possible.

    ReplyDelete