Science of Stock Price Action: When any asset breaks out after a long long period of time, then be prepared to be surprised on how high that asset can go
S&P500 did something amazing in early 2013. It broke out to new high and above a major well defined resistance
Obama became President again in January 2013 and S&P500 broke out to New High in Feb-March 2013
Break outs deliver outstanding returns. This is how much US index rallied
Nobody knows what’s the upside we are looking at
Once an index breaks out – sky is the limit
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers