September 11, 2019

I Can Predict The Future!

Well, I basically did predict the future regarding my last article on the $SPY. Here we are now close to the 3,000 level that has to be the near term upside target. Near the all time highs. Near a potential breakout zone for the markets. This is in the face of doomsday sayers and extreme bears that felt they have picked tops. Yet, markets continue higher and all it took was a reason. That is all that is needed. A reason to buy. That reason is trade news. Not a trade deal but a promise to meet for talks. That is all it took for the markets to break above major resistance and get back to it’s merry ways. Never EVER underestimate the perma-bulls. Considering FOMC could cut rates again and a potential trade deal taking place, we can hit 3,300 by the end of the year. It is highly unlikely that will happen, but you just never know. 

Follow me on Twitter: @DiscipleOfTrend

about the author:

Charles Moon

Charles Moon is a technical "whiz kid" whose experience lies in scalp/swing trading. A patient educator, Charles excels at coaching/mentoring and can make complex concepts simple. Prior to joining the ranks of Prosper Trading Academy, Charles was a proprietary equities trader with Great Point Capital LLC. Coming from a retail trading background, his experience can help those with no experience trading to seasoned veterans.

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