View: vti rising trend channel 13 jul 2012

The recent strength in stocks and commodities can be attributed to, at least in part, the market’s expectations for QE3. The Vanguard Total Stock Market ETF (VTI) has established a bullish upward-sloping trend channel (see below). If the market remains within the channel, VTI could push toward 71.50 in the coming weeks. A similar move in the S&P 500 would bring a possible visit to 1,396.