S&P Approaching $4000!
The S&P is showing good progress so far today and if price remains the way it is or moves higher
then this will confirm a continuation of the trend.
February and the first few days of March proved to be a difficult time for investors as many stocks
went on a decline but this was short-lived as price found support levels to bounce off.
The Dow Jones led the way with a breakout the day before and continues to create new all-time highs.
The S&P is following behind and the Nasdaq is lagging further behind.
Along the way up price should continue to use the 50 simple moving average as support which it has
been using over the previous months.
Price is now on its way to reaching the $4000 round number and if this level is breached then we should
see the momentum continue to flow in the markets.
Bear in mind that when price pulls back again, it is imperative to remain calm and only manage positions
if support levels are broken. As for now, continue to profit from the current trends until the trends end.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
then this will confirm a continuation of the trend.
February and the first few days of March proved to be a difficult time for investors as many stocks
went on a decline but this was short-lived as price found support levels to bounce off.
The Dow Jones led the way with a breakout the day before and continues to create new all-time highs.
The S&P is following behind and the Nasdaq is lagging further behind.
Along the way up price should continue to use the 50 simple moving average as support which it has
been using over the previous months.
Price is now on its way to reaching the $4000 round number and if this level is breached then we should
see the momentum continue to flow in the markets.
Bear in mind that when price pulls back again, it is imperative to remain calm and only manage positions
if support levels are broken. As for now, continue to profit from the current trends until the trends end.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
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