Chart of the week – US S&P500 – Bullish extension in play, pullback due

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In this asset allocation game we are playing, there really are only two aims.

  1. Buy low
  2. Sell high

We are very close to, or at, all-time highs for many stock markets around the globe. This is illustrated very well by the US S&P 500 Chart below. The balance is six bearish arguments verses four bullish ones. This market is at a high with arguments mounting that point to a pullback being reasonable.

The question that remains on many minds is, “I’m not at my allocated weighting. Should I buy now?”

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