The good times continue for the S&P 500 index, which has been tracking the stock basket comprised of 500 American companies with the largest market capitalisation since its birth way back in 1957. At the beginning of the week, the S&P 500 closed the session at 2.259 points, registering an encouraging +0.59%.
A solid uptrend seems to be in store, but to be sure we need to wait one more week as to rely on more convincing signals. For the moment, the weekly balance remains at +3.08, suggesting the possibility of higher maximums next week. The trend seems to be firmly positive and so far there are no signs of reversal, so the scenario should discourage traders from carrying out downward strategies. Instead, protracted selling strategies are recommended now, as is the simple but tiring waiting game.
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NOTE: This article is not an investment advice. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future.
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