Stocks Move Into New High Ground
Stocks opened higher today and continued to rally throughout most of the day. In the above chart of the S&P500 you will notice that the market broke out of a triangle formation which projects much higher prices if today's breakout holds.
Tomorrow we have the FOMC announcement around 12:30 PM Eastern time so keep that in mind if you are trading.
Posts
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_4.gif)
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_4.gif)
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-euro-small.gif)
3 comments:
No volume.
How high do you expect this rally
to go?
There is almost a MACD and
stochastic divergence.
Kevin can you talk about the head and shoulders formation on the s&p and possible target
The breakout In Stocks May Be A Bulltrap...
Post a Comment