Stocks are too high yet still possible to go even higher due to Yellen's support of QE
S&P 500 only dropped during midday last Friday but formed support @ 1791.5 & went higher to reach 1798.18
Probability of stocks dropping due to profit taking is reduced as stocks went higher at the end of the day/week
S&P 500 possible support/resistance @ 1800
US economic data is better than expected today so stocks should continue to go higher
Look to buy S&P 500 @ 1800 or higher
No comments:
Post a Comment