Tag: SPY


Technical Damage Confirms Bearish Bias

I track technical analysts, including Avi Gilburt over at FATrader, Marc Chaikin, a point-and-figure guy here in Milwaukee, several candlestick makers and a few others. When their macro analysis lines up, it gives me pause. Right now, they are all telling a similar story:

The stock market is very likely to go lower from here. 

S&P 500 3 Year

Market at a Crossroads

The S&P 500 is hitting up against substantial resistance right now. It has been here before. And before. And before.  Right now the technical indicators tell us nothing except in hindsight. Eventually one will be right and whomever was by luck of the draw pointing to that indicator at this moment, they will get to claim to be prescient. Here you can see that the S&P 500 Index 50 day […]