Monday, 4 June 2018
The S&P 500 Index: 4 June 2018, Monday, 3.39pm Singapore Time
The S&P 500 Index:
4 June 2018, Monday, 3.39pm Singapore Time
(Click on Technical Chart above to Expand)
Attached is the technicals for the S&P 500 Index. The Yellow Trajectory is the current bullish rounding price structure in formation. It is a bullish re-accumulation, i.e. the markets had been undergoing a consolidation of re-accumulation in the first half of 2018. The worldwide re-accumulation is coming to an end soon. The S&P 500 has passed all the backtest of supports as illustrated on chart. It had received 4 confirmations of green light as illustrated as GREEN BOXES on chart for the brewing of more super rally, to historical highs never ever seen before. Expect more powerful upmove coming in the 2nd half of 2018 and 2019. Many people sang tunes of bear market and market crash in 1H-2018. They are wrong tunes.