The Elimination of the Bears
The surprising up-side breakout of the S&P500 above its previous cycle high (2130 on 21-5-15) means that the bull trend which began in March/April 2009 (see the red arrow on the chart below) is now continuing. Consider the chart:
This great bull market, now more than 7 years old, looks set to break all records. Analysts in America point to the fact that the
Elimination of the Bears
The surprising upside breakout of the S&P500 above its previous cycle high (2130 on 21-5-15) means that the bull trend which began in March/April 2009 (see the red arrow on the chart below) is now continuing. Consider the chart:
S&P500, Quo Vadis?
Because the stock markets of the world generally follow Wall Street, it is always wise to keep an eye on what is happening to the S&P500. Last night the S&P closed above its all-time record high of 2130 – a high that was made on 21st May 2015.