Will The S & P 500 Make All-Time New Highs In 2019??? - Part 3

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·@rollandthomas·
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Will The S & P 500 Make All-Time New Highs In 2019??? - Part 3
<center>https://mentormarket.io/wp-content/uploads/2019/03/sp500.jpg</center> <br/><p style="text-align:center"><a href="https://steemit.com/investing/@rollandthomas/willthesampp500makeall-timenewhighsin2019-cbjtr1rpr4">Will The S&amp;P 500 Make All-Time New Highs In 2019???</a></p>
<blockquote class="wp-block-quote"><p> Edward Yardeni, who spent decades on Wall Street running investment strategy for firms such as Prudential and Deutsche Bank, predicts stocks will break out to all-time highs this year. </p>
</blockquote>
<p> “I’m still sticking with 3100 and feel better about it,” said Yardeni, who noted valuation multiples, low interest rates and inflation is setting Wall Street up for a very good year. </p>
<center><img src="https://mentormarket.io/wp-content/uploads/2019/03/image-324-1024x486.png" alt="" class="wp-image-11449" />
<p style="text-align:center"><a href="https://steemit.com/investing/@rollandthomas/willthesampp500makeall-timenewhighsin2019-part2-yb8lpea1o7"> Will The S&amp;P 500 Make All-Time New Highs In 2019??? - Part 2 </a></p>
<blockquote class="wp-block-quote"><p>Price is also approaching the triple top near the 2800 level. The triple top pattern is a type of chart pattern to predict the reversal of a long-term uptrend.&nbsp;</p>
</blockquote>
<blockquote class="wp-block-quote"><p>Last, but not least as price has been moving up from the December lows, price has formed a daily demand zone (blue rectangle).</p>
</blockquote>
<blockquote class="wp-block-quote"><p> So the next level to challenge Edward Yardeni 3100 target is the 2800 or the 280 level on the S&amp;P 500 ETF, SPY. </p>
</blockquote>
<img src="https://mentormarket.io/wp-content/uploads/2019/03/image-325-1024x491.png" alt="" class="wp-image-11450" />
<p>After many weeks, price has final closed above the important 2800 level (280 on the SPY).</p>
<img src="https://mentormarket.io/wp-content/uploads/2019/03/image-351-1024x500.png" alt="" class="wp-image-11572" />
<p>This is significant because on the weekly chart, price closed above the triple tops </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/03/image-352-1024x497.png" alt="" class="wp-image-11573" />
<p>and is now supported by a weekly demand zone. </p>
<center><img src="https://mentormarket.io/wp-content/uploads/2019/03/image-353-1024x499.png" alt="" class="wp-image-11574" />
<blockquote class="wp-block-quote"><p>Stocks have risen a year after 18 midterm elections since World War II, with the S&amp;P 500 delivering an average return of 14.5 percent, according to LPL Financial Research. </p>
</blockquote>
<blockquote class="wp-block-quote"><p>With the S&amp;P 500 up only 1.3 percent since the midterm election last November, there indeed could still be room for stocks to run in 2019," LPL says in a note. </p>
</blockquote>
<blockquote class="wp-block-quote"><p>The year prior to a presidential election has almost always been a good one — in the last 19 such years, the market is up on average 15 percent and 18 out of 19 times it's been positive, according to Slimmon. </p>
</blockquote>
<p style="text-align:center"><a href="https://www.cnbc.com/2019/03/16/stocks-have-rallied-after-every-midterm-election-since-world-war-ii.html">Source</a></p>
<p>The level I have been eyeing for many weeks remains the 288 on the SPY. If the Markets are going to turn, I anticipate the reversal at that level.</p>
<img src="https://mentormarket.io/wp-content/uploads/2019/03/image-354-1024x500.png" alt="" class="wp-image-11575" />
<p>This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.</p>
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<center><em>Published by <a href="https://mentormarket.io/profile/?rollandthomas/">Rolland Thomas</a>
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