I have also trade the S&P500 spot market. I let you see the overall trend and the forecast.
S&P500 Spot
From 2009, we rally and there is a sideway pattern (circled) then we rally again and now we are in the sideway pattern again.
Would we rally?
My take is not for now, but for sure we will. Let take a closer look.
S&P500 spot close up
The close up, we see a bull flag and then a rally. Now we are in a bull flag. Once we break out is a rally.
S&P500 is a very good sample of the world economy, as there are 500 companies in there. Like i say, fundamental always come out in the chart first. From technical analysis, you will know where things are heading next.
Always trade with stops. Never get emotional. Never make a trade base on your guts feel.
Next up analysis of GOLD
