InvestorsHub Logo
Followers 87
Posts 33355
Boards Moderated 87
Alias Born 03/22/2005

Re: None

Monday, 03/25/2019 1:04:49 PM

Monday, March 25, 2019 1:04:49 PM

Post# of 259
Fwiw, I'll stick with my prediction for the S+P - that it will consolidate back to around the 200 MA (which is converging with the 50 MA), and from that base (2740-2750) will launch the assault on the Sept/Oct high, with the Fed/PPT as a prime mover if needed.

They simply can't afford to let a Head + Shoulders become a reality, and thus will juice the market to put in a new high. The Fedsters have enough problems with the slowing global economy without a bearish stock market to deal with.

Juicing the S+P a couple hundred points to a new high is a relatively easy task for the Fed/PPT, and once the new high is in place the TA/chart threats are greatly resolved -- the ominous spectre of the Head + Shoulders is gone, the long term bull market uptrend is officially reconfirmed, etc. These TA signals may seem arcane, but they are what 99% of Wall St go by, and set their computer algos for.


Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.