April 27, 2017
Frexit Stock Analysis
Europe is very busy at the moment.
First the Brexit, next the Frexit, then what will be the be the next one? Is the EU model lost the origin.
Good? Bad? Who knows?
Listen to the story on Bloomberg, Is Grexit a Bigger Risk to Europe Than Frexit?
With Marine Le Pen become very promising. Could he deliver the Frexit? Read the story from Could France’s Marine Le Pen deliver Frexit? – Financial Times.
^GSPC S&P 500 Index and 34 EMA Wave
The index is crossing below 34 EMA Wave and breakout the wave and retest the March 1 high. This is higher than last Friday. Looks like the markets are confident about the Europe changes that are coming. In other words, at the the France election.
See the Support Resistance.
April 26, 2016 S&P 500 Resistance Confirmed by Day Close
^GSPC S&P 500 Index and Channel
Picture worth a thousand words, see S&P 500 breakout higher. Now retest the March 1 high.
We see the peaks keep touching the upper line, trendline and finally breakout above.
April 26, 2017 S&P 500 Retest March 1 High
Moses Stock Analysis
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Disclaimer
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