DOW AND S&P 500 REMAIN IN SIDEWAYS PATTERN AFTER PASSING ONE-YEAR ANNIVERSARY OF MAY 2015 TOP
Price is still in a declining trend despite Friday’s rally. I believe the head and shoulders formation we have been watching on the SPY is still intact because the declining price trend is still intact. The world economies seem to be barely spudding along. Markets will most likely see higher volatility digesting global political risk over the next several months. This is a very challenging low yield environment for savers.
(Chart data is as of 5/20//2016)
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This is just for educational purposes, and I am not making any specific recommendations. This is simply a guide to assist you in thinking about your own personal position, how much risk you are willing to take, and what your expectations are.