SP 500 Forecast – Is the SP 500 running out of gas?
Source: http://www.recordpricebreakout.com/sp-500-forecast-is-the-sp-500-running-out-of-gas/Posted on Wednesday, April 15th, 2009 | In Market Commentary
After a spectacular rally from the lows seen last month, the S&P appears to be running into overhead resistance.
Is this the pause that refreshes, or is this the pause that reverses the market back towards the lows?
I have said for some time that I was not that confident that this rally would continue as our long-term “Trade Triangle” remained in a negative mode. In my new video I outline the key areas that I believe will shape this market in the coming weeks and months.
The video features our “Trade Triangle” technology as well as our Fibonacci tools. I will also remind you of a concept that has been around for a while, but one that you might not be aware of.
No matter what happens, you are going to see some extraordinary markets and some wonderful opportunities to make money in the next 6-9 months.
Some investors may be hoping for the best, but be prepared as we might see another dive.
I highly recommend students of the market to take a few minutes and watch my latest video. Even if you’re a seasoned pro you may find what you see interesting and therefore profitable.
As always, my video come is complimentary with no strings attached.
Here’s To Profitable Trading,
-Steve
The Trade Detective
Last 5 posts by Steve Warshaw
- Ford Cup With Handle Chart Pattern - November 18th, 2009
- Video: Gold Forecast November 16th, 2009 - November 17th, 2009
- Free Email Trading Course – Guest Post by Adam Hewison - November 13th, 2009
- Looks like a flat to down day on the SP, if it turns down, look out below - November 13th, 2009
- Video – Has The SP 500 Topped Out? The Technicals Say ‘Probably’ - November 13th, 2009
 About Steve Warshaw (http://www.recordpricebreakout.com)
RecordPriceBreakout was founded by Steve Warshaw in July, 2008. Steve is a full time software engineer and aspiring professional technical analyst. Steve has contributed significantly to the development of several trading software and technical analysis programs including Track and Trade High Finance by Gecko Software. |
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