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Monday, September 18, 2017 10:26:30 AM
Weekend Analysis by Amateur Investors
By: Amateur Investors | September 17, 2017
With only two weeks left in the 3rd Quarter it appears the S&P 500 will have another positive quarter making it 7 in a row. Furthermore since 2013 there has only been "1" bad quarter which was in the 3rd Quarter of 2015 (point A). Otherwise it pretty much has been going up in a straight line
In the near term the S&P 500 has been in an upward channel since April. If it rallies to the top of the channel that would yield a target in the 2520 to 2525 range. If that range is achieved then we may see a correction follow with an eventual test of the lower portion of the channel in the 2450 area.
http://www.amateur-investors.com/AII_Weekend_AnalysisSep_16_17.htm
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By: Amateur Investors | September 17, 2017
With only two weeks left in the 3rd Quarter it appears the S&P 500 will have another positive quarter making it 7 in a row. Furthermore since 2013 there has only been "1" bad quarter which was in the 3rd Quarter of 2015 (point A). Otherwise it pretty much has been going up in a straight line
In the near term the S&P 500 has been in an upward channel since April. If it rallies to the top of the channel that would yield a target in the 2520 to 2525 range. If that range is achieved then we may see a correction follow with an eventual test of the lower portion of the channel in the 2450 area.
http://www.amateur-investors.com/AII_Weekend_AnalysisSep_16_17.htm
• DiscoverGold
Click on "In reply to", for Authors past commentaries
*** For Market Direction and Trends visit our board:
https://investorshub.advfn.com/Market-Direction-and-Trends-26249/
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!
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