The U.S. stock market to continue a six-year bull rally into 2016 - Deutsche Bank analysts

The U.S. stock market is on six-year bull run and it will be continuing with the bullish trend into 2016, say Deutsche Bank analysts. As we see from the chart below - S&P 500 index was started the bullish way in the beginning of December 2009, and it was just a bear market rally within the primary bearish market condition. The price broke Ichimoku cloud to reverse to the primary bullish condition in the beginning of December 2010. And S&P 500 index is still going to uptrend with breaking the key resistance levels.

Many analysts are expecting for 2134.42 key resistance level to be broken soon for the first pivot resistance level R1 Pivot at 2188.18 as the next bullish target. By the way, the bearish reversal level is Central yearly Pivot at 1963.05, and if the price breaks this level from above to below so we may see the bearish reversal, but the analysts are not expecting this case. For example, Morgan Stanley is predicting for the price to reach 2175.00 level which is near the second pivot resistance located on the bullish area of the chart, and BMO Capital Markets is expecting for the price to break 2100 in the first half of 2016.

Once upon a time ... in 1930 ... Japanese journalist Goichi Hosoda invented Ichimoku indicator together with Chinkou Span line ... this line crossed historical price of S&P 500 index to above in 2009 ... and the bullish trend was started in the world since that writes here.