The market got choppy on the “trade war” worries. That is opening up some trading opportunities for about the next year. Technical indicators are showing that we stand a good chance of seeing a big sell-off through next week, possibly heading as low as about 2600 on the S&P 500. It is unlikely that we see the December lows this time around as there is no tax-loss selling and no […]
As I covered in the last webinar, there are two potential short-term setups for this stock market. The first is a rally into summer, with maybe a hiccup, more rally and then the beginnings of a broader correction by early 2020. The second scenario is a small correction now and then a big rally into at least H1 of next year. Either way, we probably see an S&P 500 (SPY) […]
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 […]