Friday, December 27, 2013

S&P US Stock market outlook

Previous Post:

In our previous post on SPY we see that there is further upside in the US market, congrats to those who followed us and traded the US market SPY is now 183.85( S&P index 1842.02). Currently RSI is close to 70, this is a sign to warn us on profit taking but not to be too worry if the price is still making new high. When price make new high, it is sign that people are buying. Just to be careful on the downside risk when it is coming down, it is time to mark your trailing stop and focus on profit protection.