S&P 500 End of January 2016 Review

S&P 500 (End of January/2016 review). Are We In The Clear?

The GOOD!
*S&P 500 closed right above diagonal support.
*We are approaching/ getting back into the “zone”=boxed area.
*Short term bottom is in, if we can hold and stay above 1940!
*We’ve trended up the past 2 weeks (higher highs, higher lows).
*Bounced nicely off of horizontal support.

The BAD
*If we can’t get back into our “zone” (boxed area).
*If we can’t hold and stay above 1940.

Remember, you want to look at the overall market first because like my last article indicated, wherever the market goes, so goes your stocks

CONCLUSION
Next week and the month of February might be very telling in regards to where this market is going.

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CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

S&P 500 (End of January/2016 review). Are We In The Clear?

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S&P 500 (End of January/2016 review). Are We In The Clear?

Services​

About Us​

Support​

Services

About Us

Support