1. Green Lines\Arch - support areas where price can take support
2. Red Lines\Arch - resistance areas where price can get resisted
3. Blue lines - Lines where price can take support/resistance
One can use this chart as trading map for next few months.
Watch the lines. Get ready to short as soon as it starts to break down. If it doesn't, wait for it bounce back up towards the black/light blue/green lines.
A perfect storm waiting to happen with the stock market of major economies like US, Japan, Europe, and most recently China reaching for new highs.
The breakout of China stock market certainly doesn't look healthy at all. Money will find its way where returns are the best, when there's nothing else to invest in the real economy during a slowdown.
Its a game of...
S&P 500: In 2014/2015 we have experienced a very nice bull market as the S&Ps finished in 2014 returning a nice 13.69%, overall the bull market has been driven by the feds decision to keep interest rates low as investors piled in. recently the FOMC held a press realised where Janet Yellen (Chair of the Board of Governors of the Federal Reserve System) stated that...
