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S&P 500 at Resistance Level, Downward Correction Ahead?
January 17, 2019, 7:20 AMStocks went slightly up yesterday, as investors' sentiment remained bullish following the recent advances. The S&P 500 index extended its short-term uptrend, before closing just 0.2% higher. Is this a short-term topping pattern or just another consolidation within an uptrend?
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Stocks Breaking Higher?
January 16, 2019, 7:24 AMStocks broke above the short-term consolidation on Tuesday, as investors' sentiment improved following quarterly corporate earnings releases, a Parliament Brexit Vote in the U.K., among others. Will the market continue higher?
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Topping Pattern or Just Consolidation Before Another Leg Up?
January 15, 2019, 7:34 AMThe broad stock market has retraced some of its recent advance yesterday, as investors took short-term profits off the table. Will stocks go lower in the near term? Or is this just a relatively flat correction before another leg up?
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S&P 500 Bounces Off 2,600, Downward Reversal?
January 14, 2019, 7:22 AMStocks were little changed on Friday, as investors hesitated following the recent rally. The broad stock market has retraced its recent decline following the S&P 500's breakdown below 2,600. Will the short-term uptrend continue? Or is this still just an upward correction before another leg lower?
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Stocks at Resistance Level, Which Direction is Next?
January 11, 2019, 7:15 AMStocks extended their short-term uptrend once again on Thursday, as investors' sentiment remained bullish following last Friday's rally after better-than-expected monthly jobs data release. So will the uptrend continue? Or is this still just an upward correction before another leg lower?
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