SPF has fallen short of reaching its all time high of $510 in 2007 before the financial crisis. Could this be a psychological barrier for traders? The cause of the financial crisis was banks taking on risky assets and appraising them, fraudulently, as safe investments in the form of CDO's. Their mistake could have created the largest psychological barrier in the...
As long as I am afraid that we are in the denial period of this chart pattern.
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Furthermore I am thinkin we will se 12.6k and then a correction to 8-9K level. If it turns from 11.7k then we might see 5k level. This is all speculation. But even if ve see 9k there is a %25 profit.