http://ciovaccocapital.com/wordp ... uantitative-easing/
"In the last seven weeks, the S&P 500 has cleared and retested important levels in the form of the 190, 210, and 275-week moving averages (shown in blue, red, and green below). The longer the market can hold above these levels, the more meaningful it becomes from a bullish perspective. "
"The S&P 500 closed on December 10th at 1,240.40 which is very close to three potential forms of resistance shown below. Given the bigger picture, we would expect any pause or correction near 1,240 to be within the context of an ongoing bull market." |