The market is in a meltup channel. Here’s where it’s headed.
The market broke out of a downtrend channel early last week and the current channel now points sharply higher. But the irresistable force also meets the immovable object at a level just overhead. Here’s what to look for to signal either an extension of the rally or a reversal.
Intermediate indicators are turning bearish but one is telling a different story. Here’s what to look for.
The market fell to the bottom of a cluster of short term uptrend channels on Friday. A down day on Monday would smash them. Here’s what to look for.
The market stalled at a trendline cluster at 2780-90 last week. Here’s what that means for the outlook.
The market is in a slow motion meltup channel. There may be resistance at 2790, but both 2800 and 2840 are also likely targets. Here are ar the indications that might signal a rollover, and those that would suggest more upside.
As the market tries to extend the rally it faces key resistance at 2742 and 2758. Here’s what to expect.
The bulls took control early last week but could not hold the breakout through the intermediate channel line at 2727. By the end of the week the SPX had fallen back to the line.
The bears’ line in the sand held last week but the war isn’t over yet. Here are the parameters of the battle and what to expect when they break.
The market met the best hopes of bulls and worst expectation of bears last week as it broke out above 2673 and hit my potential target of 2725. It’s in a meltup channel but faces multiple resistance lines. Here’s where they are and what to look for.