Q4 DEC'20 S&P - ThE Q4 report for technical analysis & trade strategy
Open - 3360.0, 12th Oct 3493.0 target met..Despite the strong Feb-Mar sell-off, for the 7th quarter in a row signals going into Q3 were bullish. These were confirmed as all our topside targets were met with sentiment posting a 2nd higher quarterly low in a row and a gain of 500 Pts. There is the potential for pullbacks, but these should be temporary and the outlook for Q4 remains bullish and the call is to buy only modestly on the open and then at 3198.0, September’s low with a stop loss at 2880.0, a 50% pullback to the Mar-Sep gains. Targets are to 3493.0, September’s open, 3587.0, September’...