At the end of last week, price finished with a gap up signalling that the buyers were taking back control
and we have seen the bullish momentum continue into this week so far.
We are seeing similar price behaviour as the 2017 bullish trends and if history is to repeat
itself then we could be in store for a profitable 2020.
From the October 3rd low, price has since moved up over 9% which is an additional 1% from last week.
Progress is being made slowly but surely and indicates that the markets are still in the beginning stages of a bull trend.
We are in the period where trend cycles begin which is usually around October/November and as
we are approaching December, we may be in store for a Christmas Rally.
If we experience a pullback going forward then the first obvious level is the 20 simple moving average.
Followed by that we have the support in the form of the previous all-time high as $3,028 and
below that is the 50 simple moving average and the $3,000 round number psychological support zone.
Now that the S&P 500 is on the move, we want to identify stocks that are outperforming the
Indice which you can find in the links to our sites below. Keep up to date with current market
events as you don’t want to miss out on a potential bullish year of trends.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
and we have seen the bullish momentum continue into this week so far.
We are seeing similar price behaviour as the 2017 bullish trends and if history is to repeat
itself then we could be in store for a profitable 2020.
From the October 3rd low, price has since moved up over 9% which is an additional 1% from last week.
Progress is being made slowly but surely and indicates that the markets are still in the beginning stages of a bull trend.
We are in the period where trend cycles begin which is usually around October/November and as
we are approaching December, we may be in store for a Christmas Rally.
If we experience a pullback going forward then the first obvious level is the 20 simple moving average.
Followed by that we have the support in the form of the previous all-time high as $3,028 and
below that is the 50 simple moving average and the $3,000 round number psychological support zone.
Now that the S&P 500 is on the move, we want to identify stocks that are outperforming the
Indice which you can find in the links to our sites below. Keep up to date with current market
events as you don’t want to miss out on a potential bullish year of trends.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
