In USA and also somewhere else. Stock markets are climbing regardless the real situation. Deja’vu 2006 &2007? Anyway, maybe it’s boring to write about it again, but then, my personal portfolio is on the other side… so it’s normal that rising SP500 is every day pain:

Source: TradePort2

As we can see SP500 droped from rising wing, but it didn’t lose  the rising trend. So, now we have it around major resistance (past peaks + 200 ma).

Source: TradePort2

We’ll see how it will work out. Soon SP500 will catch upside of rising trend channel.  And then?

Who knows. Market can play it either way. My bet is SP500 under 800.