What to watch for a top in the S&P 500 SPX
At what level would I call a trend reversal in the S&P 500? That’s the question I have received at least a dozen times thus far this week. While the price action for the S&P 500 is important, for a trend reversal to be called one also needs to look at confirmation in other parts […]
US Stocks: Hold the line
No, not THIS Hold The Line. What I am referring to is the near-term support line that the S&P 500 on Wednesday once again managed to hold and bounce from. The concept as such is quite simple really: when former resistance becomes support…it ain’t bearish until support breaks. Read the full analysis here: https://www.tradingfloor.com/posts/us-stocks-hold-the-line-1590927