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Strategies & Market Trends : Effective Collaboration - Team Research for Better Returns:
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To: Return to Sender who wrote (3788)10/20/2014 9:06:05 PM
From: Jacob Snyder  Read Replies (4) of 8239
 
SPX went well below the 200dma, for the first time since late 2012. Today, it came back up to that line. If it stalls here, then we probably should anticipate the same 15-20% pullback that happened when QE1 and QE2 ended. A 15-20% pullback in SPX from the 2019 high takes us to 1716-1615. If we don't stall, and climb back above the 200dma, then we'll probably see new all-time highs within the next few months.
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