More Record Highs For The S&P 500!
The S&P 500 continues to climb up the slope formed from the 20 and 50 simple
moving averages. In the last post, price had broken above a previous high at
$4480, and has now moved up another 1.5%.
The trend in this Index is strong, and we can see a nice pattern of higher highs
and higher lows forming here.
It was only back in April when price was approaching the $4,000 round number,
and there was some uncertainty whether price would make it past.
5 months later and price has moved well beyond that level and looks set to
move towards $5,000.
The journey to $5,000 may be a bumpy one as we might see periods of
consolidation and other forms of turbulence along the way.
Price is halfway there and the market currently looks strong as a whole,
with stocks creating record highs in the strong sectors such as Health Care
and Real Estate.
We shall continue to take only the highest probability opportunities to
increase our edge over the market.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
moving averages. In the last post, price had broken above a previous high at
$4480, and has now moved up another 1.5%.
The trend in this Index is strong, and we can see a nice pattern of higher highs
and higher lows forming here.
It was only back in April when price was approaching the $4,000 round number,
and there was some uncertainty whether price would make it past.
5 months later and price has moved well beyond that level and looks set to
move towards $5,000.
The journey to $5,000 may be a bumpy one as we might see periods of
consolidation and other forms of turbulence along the way.
Price is halfway there and the market currently looks strong as a whole,
with stocks creating record highs in the strong sectors such as Health Care
and Real Estate.
We shall continue to take only the highest probability opportunities to
increase our edge over the market.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
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