Ari Wald expects a new rise of S&P500

As S&P 500 reached record levels , chief technitian analyst of Oppenheimer sees a a recurring pattern that foresee a new leap in shares.

He points out that the percentage of shares that are traded over it's 200MA on daily charts, has reached 70%.

This indicator marks the rebirth of the market power as happened in 1995, 2003, 2009, 2012" Word said

This is not only a historical parallel that convinces Word the market is heading up.

Word point out that since 1950, when the S&P reached a new historical maximum, after previously it's been under a previous maximum for at least a year, during the next 12 mouths has increased by 14%, according to a study conducted at Oppenheimer. This model was correct 12 out of 13 times since 1950.

"The historical peaks are optimistic," Wald said.

Wald заяви, че вижда S & P на нива 2250 до края на 2016 г., и за тези, които търсят да се възползват от ралито, неотдавнашния пробив на нива 2135 е "привлекателна входна точка." Ward added that he sees S&P at levels 2250 until the end of 2016. And for those who are looking to take advantage of the rally , the recent breakthrough at 2135 is "an attractive entry point".

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