S&P 500 forecast for the week of January 23, 2017, Technical Analysis
The S&P 500 initially fell during the week, but turned around to form a hammer. A hammer of course is a bullish sign and thus I think that we will eventually continue to go higher. If we can break above the top of a hammer, I think that the market
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The S&P 500 initially fell during the week, but turned around to form a hammer. A hammer of course is a bullish sign and thus I think that we will eventually continue to go higher. If we can break above the top of a hammer, I think that the market will reach towards the 2300 level, and further than that. Pullbacks continue to offer buying opportunities, in a market that I believe will continue to show US strength in the stock markets. Selling isn’t even a thought at this point.
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