Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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Monday, February 16, 2015
SPX Weekly Chart New All-Time Highs
SPX explodes higher only a hair shy of 2100 last week as the stock market experiences ongoing buoyancy from the Fed's ZIRP Forever policy. The SPX is at all-time record highs. The central bankers are the market. The SPX is far above the 2007 market top. The rising wedge pattern is very ominous pushing back against the Federal Reserve's obscene six-year Keynesian spending program. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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