S&P Finally Smashes Through $3000!
It was just a few weeks ago where it appeared as though the markets were going to continue
its free fall after declining 35% during February and March of this year.
After some hectic selling, brought on by the pandemic, the buyers were able to finally regain
control of matters and have since pushed price back up 43% so far and counting.
The bullish momentum has also seen price smash up through the psychological $3000 round
number which is now resistance turned support.
The monthly timeframe (not shown) clearly displays the 11-year overall trend following the
housing market crash in 2009. What we want to see going forward is for price to continue
to rise and break and close above the all-time high at $3393.
A break of this level will confirm a continuation of the uptrend. We have started to enter
into some stock positions and you can learn more about why we are back in the markets
through our free mini-training series below.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
its free fall after declining 35% during February and March of this year.
After some hectic selling, brought on by the pandemic, the buyers were able to finally regain
control of matters and have since pushed price back up 43% so far and counting.
The bullish momentum has also seen price smash up through the psychological $3000 round
number which is now resistance turned support.
The monthly timeframe (not shown) clearly displays the 11-year overall trend following the
housing market crash in 2009. What we want to see going forward is for price to continue
to rise and break and close above the all-time high at $3393.
A break of this level will confirm a continuation of the uptrend. We have started to enter
into some stock positions and you can learn more about why we are back in the markets
through our free mini-training series below.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
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