Support the Wall Street Examiner! Choose your level of support to receive a free proprietary report as my thanks. Click the button below to see your options. Become a Patron!

Here’s Why It’s a Make or Break Week for Bears, But Bulls Too

This is a make or break week for both stock market bulls and bears. Futures exploded higher in the wee hours, making it appear that the path of least resistance is up. If this sticks, it will be an intermediate term bullish confirmation. However, if it does not stick, the bears could gradually gain the upper hand. It’s only 4:30 AM NY time as I write this, and the pre market is the pre market. Let’s see where we are at 4:00PM.

Meanwhile, we have a new conditional SPY call buy recommendation. Here’s what needs to happen to trigger the trade.

Liquidity moves markets!

Follow the money. Find the profits! 

Technical Trader subscribers, click here to download the report.

Try Lee Adler’s Technical Trader and Liquidity Trader risk free for 90 days!  

Try Lee Adler's Technical Trader risk free for 90 days! Follow the money. Find the profits!

Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also publish, and was lead analyst for Sure Money Investor. I developed David Stockman's Contra Corner for Mr. Stockman. I’ve had a wide variety of finance related jobs since 1972, including a stint on Wall Street in both analytical and sales capacities. Prior to starting the Wall Street Examiner I worked as a commercial real estate appraiser in Florida for 15 years. I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. My perspective is not of the Ivory Tower. It is from having my boots on the ground and in the trenches of the industries that I analyze and write about today. 

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.