The SPX has broken above a multi -month trend line and Fibonacci resistance.
Daily RSI is at the highest point since the rally began on 2/11/16. In stock market rallies the RSI almost always needs a bearish divergence before a significant peak is recorded.
Seasonality for US stocks is bullish until April. SPX could reach at least the low to mid 2400 area.
Mark
Daily RSI is at the highest point since the rally began on 2/11/16. In stock market rallies the RSI almost always needs a bearish divergence before a significant peak is recorded.
Seasonality for US stocks is bullish until April. SPX could reach at least the low to mid 2400 area.
Mark