Technical Analysis Update: Stocks Fail to Fall Dear Money & Crisis Reader, The markets have moved a lot… without going anywhere. Despite what seems like a very busy couple of weeks, the S&P 500 has effectively gone nowhere (red rectangle below). Now, we’ve had two similar consolidation periods since the markets bottomed on March 23 (blue rectangles below). And both of them were resolved with stocks moving sharply higher. Indeed, despite all the bearishness I see in the media, stocks continue to hold their bull market trendline (blue line) as well as support (green line). |
Tidak ada komentar:
Posting Komentar