Warning: Use of undefined constant WPE_CLUSTER_ID - assumed 'WPE_CLUSTER_ID' (this will throw an Error in a future version of PHP) in /home/thesteadytrader/public_html/wp-content/mu-plugins/wpengine-common/plugin.php on line 14

Warning: Use of undefined constant PWP_NAME - assumed 'PWP_NAME' (this will throw an Error in a future version of PHP) in /home/thesteadytrader/public_html/wp-content/mu-plugins/wpengine-common/wpe-sec.php on line 63
Market’s Path of Least Resistance is Up in the short-term | The Steady Trader

For perspective allow me to once more reiterate my three reasons for why stocks could continue to rise into late August:

  1. Seasonal strength in mid- to late August;
  2. A tendency for stocks to rally into monthly options expiration (with the next being on Aug. 21); and
  3. Overly bearish investor sentiment.

Thanks to Wednesday’s V-shaped bullish reversal, i.e., last minute save, traders now have a defined line in the sand around 2,050 to 2,060 on the S&P 500 to use as the stop-loss area.

Read my full analysis HERE

Learn Serge’s Highest Probability Active Investing and Swing Trading setups

Share Button