S&P 500 Forecast April 25, 2017, Technical Analysis
The S&P 500 gapped higher on Monday, reaching towards the 2400 level but turned around to form a shooting star. I believe there is plenty of support underneath though, so I’m looking for support of candles on pullbacks to take advantage of what I think is a very bullish market
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The S&P 500 gapped higher on Monday, reaching towards the 2400 level but turned around to form a shooting star. I believe there is plenty of support underneath though, so I’m looking for support of candles on pullbacks to take advantage of what I think is a very bullish market anyway. Given enough time, we should reach for the 2400 level, and then a break above there should send this market to the 2500 level. I have no interest in shorting, and believe that the 2300 level is the “floor” in the market.
S&P 500 Video 25.4.17
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