There was some profit-taking action on Friday, as stocks retraced a part of their recent uptrend. However, the S&P 500 index remained very close to its week-long consolidation along the resistance level of around 2,800. Is this some short-term topping pattern before a downward reversal? Or just quick downward correction? There are still two possible medium-term scenarios.

• Read more

The broad stock market remained nearly unchanged yesterday after Wednesday's Fed's rate hike release. On the other hand, tech stocks reached new record high, as their uptrend accelerated. The S&P 500 index trades within a week-long consolidation along the resistance level of around 2,800. Will it break higher? Or is this some short-term topping pattern before a downward reversal?

• Read more

It was all about the FOMC Rate Decision release on Wednesday, and stocks' initial reaction to that news was slightly negative. The broad stock market extended its short-term consolidation along the resistance level. Will the uptrend continue or is this some topping pattern ahead of downward reversal? There are still two possible medium-term scenarios.

• Read more

Tuesday's trading session was slightly bullish, as investors continued to hesitate following the recent advance. The broad stock market accelerated its uptrend after breaking above three-week-long consolidation a week ago. Will it continue its uptrend or is this some topping pattern ahead of downward reversal? There are still two possible medium-term scenarios.

• Read more

Stocks extended their short-term uptrend on Monday, as investors' sentiment remained slightly bullish following last week's advance. The broad stock market accelerated its uptrend after breaking above three-week-long consolidation a week ago. Will it continue its uptrend or is this some topping pattern ahead of downward reversal? There are still two possible medium-term scenarios.

• Read more