S&P500 did something amazing in early 2013. It broke out to new high and above a major well defined resistance
Obama became President again in January 2013 and S&P500 broke out to New High in Feb-March 2013
Break outs deliver outstanding returns. This is how much US index rallied
Nobody knows what’s the upside we are looking at
BofA Merrill Lynch analyst is predicting the S&P 500 will rally to 3,000 by 2019 https://t.co/h1488bf3bE pic.twitter.com/7ksVtpEaMB
— MarketWatch (@MarketWatch) February 15, 2017
Once an index breaks out – sky is the limit
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers