Outlook 19 December
Posted by Danny on December 19, 2011
We finally got a more normal week.
Our lunar Green Period has started, so this should help generate a bit of a year end rally.
Let’s have a look at the current chart for S&P 500 Index (click for larger image).
The market is trapped in a narrowing triangle formation.
We have room to rise to 1250 here. But I do not expect a decisive move up or down before January.
Have nice holidays, and stay tuned for some interesting new year forecasts soon.
Danny
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This entry was posted on December 19, 2011 at 2:49 pm and is filed under Market Commentary.
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Outlook 19 December
Posted by Danny on December 19, 2011
We finally got a more normal week.
Our lunar Green Period has started, so this should help generate a bit of a year end rally.
Let’s have a look at the current chart for S&P 500 Index (click for larger image).
The market is trapped in a narrowing triangle formation.
We have room to rise to 1250 here. But I do not expect a decisive move up or down before January.
Have nice holidays, and stay tuned for some interesting new year forecasts soon.
Danny
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This entry was posted on December 19, 2011 at 2:49 pm and is filed under Market Commentary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.