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Sunday, December 04, 2016 6:22:51 PM
Amateur Investors: Weekend Analysis
* December 3, 2016
Typically December is the best performing month for the market as the S&P has been positive 74% of the time since 1900. Meanwhile it has been rare to see two December's in a row with a negative return which happened in 2014 and 2015. Also notice there has never been a period of time in which the S&P has had "3" consecutive December's with a negative return. Thus it's highly unlikely the market will have a negative return this month based on past history.
Meanwhile the S&P 500 has encountered resistance at the top of its upper Bollinger Band. The last time it reached its upper Bollinger Band the S&P 500 lingered around it for roughly 5 weeks before going through a correction (points A to B). Thus it's certainly possible the S&P 500 may linger near the upper Bollinger Band through the month of December and make a slightly higher high.
Finally as I have mentioned before if we are seeing a 5 Wave move from the February low the S&P 500 shouldn't rise above the 2243 level.
http://www.amateur-investors.com/AII_Weekend_AnalysisDec_3_16.htm
• DiscoverGold
Click on "In reply to", for Authors past commentaries
* December 3, 2016
Typically December is the best performing month for the market as the S&P has been positive 74% of the time since 1900. Meanwhile it has been rare to see two December's in a row with a negative return which happened in 2014 and 2015. Also notice there has never been a period of time in which the S&P has had "3" consecutive December's with a negative return. Thus it's highly unlikely the market will have a negative return this month based on past history.
Meanwhile the S&P 500 has encountered resistance at the top of its upper Bollinger Band. The last time it reached its upper Bollinger Band the S&P 500 lingered around it for roughly 5 weeks before going through a correction (points A to B). Thus it's certainly possible the S&P 500 may linger near the upper Bollinger Band through the month of December and make a slightly higher high.
Finally as I have mentioned before if we are seeing a 5 Wave move from the February low the S&P 500 shouldn't rise above the 2243 level.
http://www.amateur-investors.com/AII_Weekend_AnalysisDec_3_16.htm
• DiscoverGold
Click on "In reply to", for Authors past commentaries
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
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