What a great news for the bulls !
Yesterday's sell-off at the end of the day proved to be a trap to trap those bears.
S&P has made a new higher high of 1120 today !
As I mentioned before, if the gap is not filled this week, the market will be super bullish.
"Very possible, SP may head to the next important level, ~1200, after the Thanksgiving holiday, as pointed out before. "
Please also notice that, the US dollar also jumps together with the US stock market, which is a very very good sign for the bulls, in my opinion. We just need to observe if this will become a sustainable trend. You know, if the up trend of US stock market is not pushed up by the devaluation of the dollar, but pushed up by it's own internal force, the trend will be stronger and will last longer.
Cheers !!!!!!!!!
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great day ! Thx, Tiger. --ZZ
ReplyDeleteYou are welcome. Hopefully, the S&P can close with at least 1% gain today.
ReplyDeleteI think the bulls still have all next week to break out.
ReplyDeleteme, your projection is very possible. The longer the consolidation, the better the chance to breakout.
ReplyDelete