The election results are in…OBAMA!! (I’m purposely keeping this blog politically free in order to focus on investing.)
The day after the election we saw a huge move in the market which I predicted! The move happened to be LOWER! Take a look.
My prediction of the market continuing to move lower is still valid. We are starting to see a solid bearish trend being established as the market moves lower. Additionally the S&P 500 just crashed through it’s support level of 1400 and is steadily approaching the next support level of 1370. Take a look!
Also take note that the indicators are still bearish.
This week, expect continuous moves lower, while the bulls try to test the resistance level of 1400. I’m still salivating at deals that are going to be created by this correction.
I hope you all are beefing up your watchlists! =)
Here’s to our Wealth!