S & P 500 – Technical Analysis

S&P is in wave 5 of 5 and near the upper end of a rising channel on the monthly chart [arithmetic scale]. The next trend reversal would end the 8 year long bull market. Wave 1 of 5 was 5 months and 3 took 4 months, we are in the 3rd month of wave 5 and waiting for the next turn. Till then…

Adam Smith Associates offers trade & commodity finance related services & solutions to its domestic and international clients. Views expressed in this article are purely of the author – Mr Rohit Srivastava – a leading technical analyst. Visit www.adamsmith.tv for services offered by Adam Smith Associates Pvt Ltd