Market Review and Trends
Ernest’s market outlook (24 Mar 16)
By Ernest Lim's investing blog  •  March 25, 2016
Dear readers, With reference to my write-up on 11 Mar 2016 (see here), S&P500 has been pretty stable lately without a swing of 1% for the past two weeks. Similarly, our Asian markets have been trading within tight ranges. What’s next for our markets? Read on to find out more. S&P500 Index Just to recap what I have mentioned on 11 Mar 2016 (see here), I wrote “S&P500 is likely to take a breather and trade within the range of 1,950 – 2,044 in the next two weeks, after forming a bullish double bottom formation with an eventual measured technical target of around 2,080.” –> S&P500 continued to climb from 2,022 on 11 Mar 2016 to touch an intraday high of 2,057 on 22 Mar 2016, before profit taking sets in and S&P500 closed at 2,036 on 24 Mar 2016. Based on Chart 1 below, S&P500 recent ......
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By Ernest Lim's investing blog
I am an avid investor, trader cum remisier. I am a Chartered Financial Analyst® charterholder, as well as, a Chartered Accountant of Singapore. I have published articles on a wide range of topics on finance and investment, ranging from market / sector outlook, technical analysis and fundamental analysis etc.
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