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 […]